Houston and Great Northern Railroad Co. of Texas - 1871-1874 dated Texas Railway Stock Certificate
Inv# TX1028 Stock
Texas
Great Texas Stock with 25 cent revenue stamp. Some glue stain. Available not signed by president for $30 or unissued for $19. Please specify variety.
The International – Great Northern Railroad (I&GN) was a railroad that operated in the U.S. state of Texas. It was created on September 30, 1873, when the International Railroad and the Houston and Great Northern Railroad merged. The railroad was officially incorporated as the International & Great Northern Railroad Company.
At its start, the I&GN operated 177 miles (285 km) of track from Hearne to Longview, but at its peak it owned 1,106 miles (1,780 km) of track. As the railroad expanded southwestward from Hearne, it reached Rockdale in 1874 and Austin on December 28, 1876. The line extended to San Antonio in 1880 and finally to the US-Mexican border town of Laredo on December 1, 1881.
The I&GN, like other railroads of its time, had many financial troubles and went into receivership on several occasions. Industrialist Jay Gould acquired control of the I&GN in December 1880. Due to his control of the Missouri Pacific (Mopac) and the Texas and Pacific Railroad, the three were operated as one system, although they retained their separate corporate identities and seniority districts for union workers. Read more at https://en.wikipedia.org/wiki/International%E2%80%93Great_Northern_Railroad
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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