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Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Co. - 1890's-1920's dated Railway Stock Certificate

Inv# RS1257   Stock
State(s): Illinois
Indiana
Ohio
Pennsylvania
West Virginia
Years: 1890's-1920's
Color: Orange, Green or Brown

Railroad Stock. Locomotive engine vignette in upper right corner. The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad, commonly called the Pan Handle Route (Panhandle Route in later days), was a railroad that was part of the Pennsylvania Railroad system. Its common name came from its main line, which began at Pittsburgh, Pennsylvania, crossed the Northern Panhandle of West Virginia, and continued west to Bradford, Ohio, where it split into a northern line to Chicago and a southern one through Indianapolis, Indiana, to East St. Louis, Illinois.

The Columbus, Chicago and Indiana Central Railway went bankrupt and was sold at foreclosure on January 10, 1883. The Chicago, St. Louis and Pittsburgh Railroad was incorporated in Indiana on March 14 and Illinois on March 15, and the former CC&IC was conveyed to the two companies on March 17. Operation by the PC&StL continued until April 1, 1883. On April 1, 1884, the two companies merged to form one Chicago, St. Louis and Pittsburgh Railroad. That company was merged with the PC&StL, Cincinnati and Richmond Railroad and Jeffersonville, Madison and Indianapolis Railroad on September 30, 1890, to form the Pittsburgh, Cincinnati, Chicago and St. Louis Railway (PCC&StL).

In 1891, the PCC&StL acquired stock ownership of the Little Miami Railroad. On December 21, 1916 (taking effect January 1, 1917), the Pittsburgh, Cincinnati, Chicago and St. Louis Railway merged with the Vandalia Railroad, Pittsburgh, Wheeling and Kentucky Railroad, Anderson Belt Railway and Chicago, Indiana and Eastern Railway, forming the Pittsburgh, Cincinnati, Chicago and St. Louis Railroad. Read more at https://en.wikipedia.org/wiki/Pittsburgh,_Cincinnati,_Chicago_and_St._Louis_Railroad

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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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