Central Ohio Railroad Co. - 1872 dated Railway Stock Certificate - PMG 30 EPQ Graded
Inv# RS5000 Stock
PMG Graded Stock, 30 EPQ Very Fine. The Central Ohio Railroad was the third railroad to enter Columbus, Ohio, and the first to connect Columbus with the east coast. It eventually became a part of the Baltimore and Ohio Railroad. It was realized that a railroad from Bellaire on the west side of the Ohio River across from Wheeling would be a valuable franchise for moving goods to and from the east coast. Chartered in February, 1847 by interests in Zanesville, the CO was to prove difficult to construct.
Eastern Ohio proved a difficult location for a railroad. Obstacles included the Muskingum River at Zanesville, 700 feet (210 m) of excavation through the hard sandstone of the Blackhand Gorge along the Licking River between Zanesville and Newark, and large quantities of fill and trestle work along the Big Walnut Creek. A tunnel in Cambridge had rockfalls and a cut near Barnesville had landslides. Read more at https://en.wikipedia.org/wiki/Central_Ohio_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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