Terminal Railroad Association of Saint Louis - 1890's-1920's dated Missouri Railway Stock Certificate
Inv# RS1214 StockRailroad Stock. No vignette but ornate title and quite a rare stock. Also available unissued at a lesser price. Please inquire if interested.
The Terminal Railroad Association of St. Louis (reporting mark TRRA) is a switching and terminal railroad that handles traffic in the St. Louis, Missouri, metropolitan area. It is co-owned by several Class I railroads that reach the city.
It was founded in 1889 in a deal orchestrated by Jay Gould with:
- Missouri Pacific Railroad
- St. Louis, Iron Mountain and Southern Railway, later part of the Missouri Pacific
- Wabash Railroad, later part of the Norfolk and Western Railway
- Ohio and Mississippi Railroad, later part of the Baltimore and Ohio Railroad
- Louisville and Nashville Railroad
- Cleveland, Cincinnati, Chicago and St. Louis Railway, later part of the New York Central Railroad
Its current owners are:
- BNSF Railway (1/7)
- Canadian National Railway (1/7) (Illinois Central Railroad until 1999)
- CSX Transportation (1/7)
- Norfolk Southern Railway (1/7)
- Union Pacific Railroad (3/7)
It also connects with the Kansas City Southern Railway; the Canadian Pacific Railway is the only Class I railroad that does not reach St. Louis. Read more at https://en.wikipedia.org/wiki/Terminal_Railroad_Association_of_St._Louis
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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