Gulf, Beaumont and Great Northern Railway Co. - circa 1910's Unissued Texas Railroad Stock Certificate
Inv# TX1045 Stock
Unissued Stock printed by American Bank Note, New York. Pineland is a city in Sabine County, Texas, United States. The population was 888 at the 2020 census. The site was first established in 1902 as the Gulf, Beaumont and Great Northern Railway was built through the county, as this was a lumber camp. In 1904, a post office was opened and three years later, a sawmill would begin operation under the Garrison Norton Lumber Company. After running there for three years, Thomas L. L. Temple (who was part owner of the mill) bought out the interest of the other owners, and established the Temple Lumber Company. The residents of the town voted in 1941 to become incorporated. Read more at https://en.wikipedia.org/wiki/Pineland,_Texas
Beaumont is a city in the U.S. state of Texas. It is the seat of government of Jefferson County, within the Beaumont–Port Arthur metropolitan statistical area, located in Southeast Texas on the Neches River about 85 miles (137 km) east of Houston (city center to city center). With a population of 115,282 at the 2020 census, Beaumont is the largest incorporated municipality by population near the Louisiana border. Its metropolitan area was the 10th largest in Texas in 2020, and 130th in the United States. The city of Beaumont was founded in 1838. The pioneer settlement had an economy based on the development of lumber, farming, and port industries. In 1892, Joseph Eloi Broussard opened the first commercially successful rice mill in Texas, stimulating development of rice farming in the area; he also started an irrigation company (since 1933, established as the Lower Neches Valley Authority) to support rice culture. Rice became an important commodity crop in Texas and is now cultivated in 23 counties. A big change occurred in 1901 with the Spindletop gusher, which demonstrated that a huge oil field lay underneath and adjacent to the city. With Spindletop, several energy companies developed in Beaumont, and some remain. The area rapidly developed as one of the country's major petrochemical refining areas. Along with Port Arthur and Orange, Beaumont forms the Golden Triangle, a major industrial area on the Texas Gulf Coast. Read more at https://en.wikipedia.org/wiki/Beaumont,_Texas
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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