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Michigan Southern and Northern Indiana Railroad - 1860's dated Railway Stock Certificate

Inv# RS1263   Stock
State(s): Indiana
Michigan
Years: 1860's
Color: Black

Railroad Stock. Stub at left. 25 cents revenue stamp! The Northern Indiana and Chicago Railroad was chartered on November 30, 1850. Its initial tracks, from the Michigan Southern at the state line running west-southwest to Elkhart, Indiana, then west through Osceola and Mishawaka to South Bend, opened on October 4, 1851. The full line west to Chicago opened on February 20, 1852, (running to the predecessor of Englewood station, together with the Chicago and Rock Island Railroad). A more direct line was soon planned from Elkhart east to Toledo, and the Northern Indiana Railroad was chartered in Ohio on March 3, 1851. On July 8, 1853, the Ohio and Indiana companies merged, and on February 7, 1855, the Northern Indiana and Chicago Railroad and the Buffalo and Mississippi Railroad were merged into the Northern Indiana Railroad. On April 25, 1855, that company in turn merged with the Michigan Southern Rail Road to form the Michigan Southern and Northern Indiana Railroad. In 1858, the new alignment (Northern Indiana Air Line) from Elkhart east to Air Line Junction in Toledo was completed. The company now owned a main line from Chicago to Toledo, with an alternate route through southern Michigan east of Elkhart, and a branch off that alternate to Monroe, Michigan. Also included was the Detroit, Monroe and Toledo Railroad, leased July 1, 1856, and providing a branch from Toledo past Monroe to Detroit.

In October 1867, the Cleveland, Painesville and Ashtabula Railroad leased the Cleveland and Toledo Railroad. The CP&A changed its name to the Lake Shore Railway on March 31, 1868, and on February 11, 1869, the Lake Shore absorbed the Cleveland and Toledo. On April 6 the Michigan Southern and Northern Indiana Railroad and Lake Shore merged to form the Lake Shore and Michigan Southern Railway, which absorbed the Buffalo and Erie Railroad on June 22, giving one company the whole route from Buffalo to Chicago. The main route passed through Dunkirk; Erie; Ashtabula, Ohio; Cleveland; Toledo; Waterloo, Indiana; and South Bend. An alternate route (the Sandusky Division) in Ohio ran north of the main line between Elyria and Millbury (not all track was laid until 1872). From Toledo to Elkhart, the Old Road ran to the north, through southern Michigan, and the through route was called the Air Line Division or Northern Indiana Air Line. Along with various branches that had been acquired (see below), the Monroe Branch ran east from Adrian, Michigan, to Monroe, where it intersected the leased Detroit, Monroe and Toledo Railroad. At some point the original line to Toledo was abandoned west of the branch to Jackson, Michigan (Palmyra and Jacksonburgh Railroad), with the new connection at Lenawee Junction, the crossing between that branch and the line to Monroe. Read more at https://en.wikipedia.org/wiki/Lake_Shore_and_Michigan_Southern_Railway

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Condition: Good

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $30.00