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Iowa City and Western Railway Co. - Stock Certificate

Inv# RS4682   Stock
Iowa City and Western Railway Co. - Stock Certificate
State(s): Iowa
Years: 1885 or 86

Cedar Rapids (/ˈsdər/) is the second-largest city in Iowa, United States and is the county seat of Linn County. The city lies on both banks of the Cedar River, 20 miles (32 km) north of Iowa City and 100 miles (160 km) northeast of Des Moines, the state's capital and largest city. It is a part of the Cedar Rapids/Iowa City region of Eastern Iowa, which includes Linn, Benton, Cedar, Iowa, Jones, Johnson, and Washington counties.

As of the 2020 United States Census, the city population was 137,710. The estimated population of the three-county Metropolitan Statistical Area, which includes the nearby cities of Marion and Hiawatha, was 255,452 in 2008. Cedar Rapids is an economic hub of the state, located at the core of the Interstate 380 corridor.

The Cedar Rapids Metropolitan Statistical Area (MSA) is also a part of a Combined Statistical Area (CSA) with the Iowa City MSA.

A flourishing center for arts and culture in Eastern Iowa, the city is home to the Cedar Rapids Museum of Art, the National Czech & Slovak Museum & Library, the Paramount Theatre, Orchestra Iowa, Theatre Cedar Rapids, the African American Museum of Iowa, and the Iowa Cultural Corridor Alliance. In the 1990s and 2000s, several Cedar Rapidians became well-known actors, including Ashton Kutcher, Elijah Wood, Terry Farrell, and Ron Livingston. The city is the setting for the musical The Pajama Game and the comedy film Cedar Rapids.

Cedar Rapids is nicknamed the "City of Five Seasons", for the so-called "fifth season," which is time to enjoy the other four. The symbol of the five seasons is the Tree of Five Seasons sculpture in downtown along the north river bank. The name "Five Seasons" and representations of the sculpture appear throughout the city in many forms.

The location of present-day Cedar Rapids was in the territory of the Fox and Sac tribes.

The first white settler on the site of the future city was Osgood Shepherd, who built a log cabin (which he called a tavern) in 1837 or 1838 next to the Cedar River (then known as the Red Cedar) at what is now the corner of First Avenue and First Street Northeast. Shepherd was a squatter who claimed the land without legal title and also a reputed ne’er-do-well, who, if he was not a horse thief himself, definitely consorted with them. Early on, it appears that he “jumped the claim” of another squatter, Wilbert Stone, who had built a cabin and platted out a town, some distance south of Shepherd's cabin, that he called Columbus. Shepherd drove Stone across the river, claiming that Stone had built his cabin on Shepherd's land, then sold Stone's cabin to a buyer named Hull. Shepherd later tried the same tactic with perhaps the first settler on the west side of the river, Robert Ellis, but Ellis happened to be chopping wood at the time and warned that someone would be dead if Shepherd did not retreat.

The true founders of the city were George Greene, Nicholas Brown, and a few others. Brown had experience as a miller and Greene had surveyed much of eastern Iowa, so both saw the value of the spot Shepherd had claimed. It was right next to the rapids—a prime spot to build a mill—the last set of rapids on the river before the Cedar fed into the Iowa River, meaning that goods milled on the spot could be carried by boat down river to the Mississippi. In 1841, they formed a partnership that bought out Shepherd's claim and platted out a town they called Rapids City. Brown immediately constructed a primitive dam and then built the town's first mill. His crude dam soon washed away, prompting Greene to induce Alexander Ely, an engineer from Michigan, to build a proper dam that would create a millrace capable of powering several mills.

At this time, the city was confined to the east side of the river. The west bank soon contained a village named Kingston for resident David King who early on operated a rope ferry across the river.

The town was formally incorporated by the Iowa State Legislature on January 15, 1849 as Cedar Rapids, named for the rapids in the Cedar River (the river itself was named for the large number of red cedar trees that grew along its banks). The population was less than 400.

During the 1850s Cedar Rapids grew in size, and it was during this decade that the Czech population became substantial; when the town was reincorporated in 1856, a quarter of its roughly 1,600 inhabitants were Czech immigrants. The availability of cheap land in the new state of Iowa happened to coincide with the Revolutions of 1848 in the Austrian Empire that caused a large number of Czechs to flee their homeland and emigrate to the U.S. In 1851 was founded the institution that would eventually become Coe College. The decade also witnessed attempts by local leaders to improve the city's access to distant markets, first through purchase of a steamboat (aptly named Cedar Rapids) and ultimately through investment in a railroad. The first locomotive rolled into town on June 15, 1859.

Railroads were an important factor in the development of the state and the growth of cities along the rail lines. By the end of the 19th century, the 23rd largest state was the fifth largest in track mileage.

In this same decade, "Major" John May, an inventor and land speculator, purchased the island (now called "May's Island") situated between Cedar Rapids and Kingston with the intention of founding a town he called May Island. When that scheme proved impractical due to the island's tendency to flood, he conceived the idea of making his island the center of a larger city that spanned the river and convinced the state legislature to officially name the land he had bought there, just south of Kingston, "West Cedar Rapids."

Cedar Rapids annexed the community of Kingston in 1870 and constructed an iron bridge across the river along the line of the current Third Avenue bridge.

The economic growth of Cedar Rapids increased in 1871 upon the founding of the Sinclair meatpacking company. The plant allowed for year-round meatpacking because ice could be harvested from the Cedar River in winter to chill an icehouse, and within a few years it became one of the largest factories of its kind in the country, employing 400 people. In 1873 was built the oatmeal mill that would ultimately become the flagship operation of the Quaker Oats Company, and the largest cereal mill in the world.

In 1909 the city acquired May's Island for the purpose of making it the seat of government; then, as now, there were ill feelings between east- and west-siders in Cedar Rapids, and the city's leaders hoped that putting City Hall in the "neutral territory" of the island would help ease tensions. In 1919, the residents of Linn County voted to move the county seat from Marion to Cedar Rapids, partially because Cedar Rapids had offered to donate the southern third of the island as a site for a new county courthouse and jail.

In 2010, the Census Bureau reported Cedar Rapids' population as 87.98% white, and 5.58% black.

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A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

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