Chicago Terminal Transfer Railroad Co. - 1899-1920 dated Railway Stock Certificate - Gorgeous 5 Vignette Design
Inv# RS1042 Stock
Vignette of female figure with a train encircled on each side. Exceptional! Scarce!!! Available in Blue, Orange, Olive or Brown. Please specify color. In July 1897, a new company called the Chicago Terminal Transfer Railroad (CTT) bought the C&NP from the Wisconsin Central. While the WC (and successor Soo Line Railroad) no longer had its own direct connection to the city, it continued to use the line to access Grand Central Station until 1899, and between 1912 and 1965. In May 1897, the Chicago Terminal Transfer merged the Chicago & Calumet Terminal.
The B&O began using Grand Central Station in 1892, when a connection was made between the CTT and the B&O at South Chicago. When the Pere Marquette Railroad was completed to Porter, Indiana in 1903, it also used the CTT into Grand Central Station. On January 6, 1910 the Baltimore & Ohio Chicago Terminal Railroad was created to purchase the CTT at foreclosure, giving B&O control of both the terminal railway system, as well as Grand Central Station. The railroad reached a peak size in the 1920s of 78 route-miles and 365 track-miles. Read more at https://en.wikipedia.org/wiki/Baltimore_and_Ohio_Chicago_Terminal_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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