Gurleys and Paint Rock Valley Railway - 1890's Unissued Railroad Stock Certificate - Alabama
Inv# RS1246 Stock
Tennessee
Railroad Stock. Great train vignette in center with the words Prudence, Energy, Discretion typed underneath. Unissued. From the Gurley Alabama web-site: Head office was in Gurleys, Alabama. Incorporated under the laws of Alabama and Tennessee. From the January 21, 1892 edition of the Gurley Record Newspaper: The full preliminary survey of the intended route of our new railroad was commenced last Monday. The northern section of the line is first being located from Gurley, up the Paint Rock Valley, right over the Cumberland Plateau and on to Winchester Tenn., a distance of about forty miles. After which the southern portion will be surveyed to the town of Deposit on the Tennessee River. The commencement was made from the Memphis and Charleston Railway near the west boundary of the town, where the line will cross and connect with the M&C Railroad and running in a general north eastern direction pass to the north of our town some three hundred yards from the college. Continuing through the land, owned by Capt. Gurley for about a mile the course then bears off to the southeast to avoid the mountain ridge some two and half miles from town; after rounding which, the line enters the Paint Rock Valley.
The full survey corps consists of the following: Samuel I. Wheatcroft, chief engineer; W. H. Calhoun, assistant engineer; Capt. E. F. Walker, transitman; J. F. Childress, flagman; Robert Givins, rodman; A. J. Hannah, front chainman; W. Hankins, rear chainman; Walter Givins, stake marker; M. H. Roberts, axeman; William A. Walker and F. B. James, other assistants. Capt. Frank B. Gurley is acting as general director of the party and T. P. Gurley as assistant. Several other gentlemen are accompanying the party. Seldom has a more jolly party of men set out on an exploring expedition than the "merry" crew that left our town, in high spirits on Monday morning. The novelty and importance of the occasion attracted quite a number of spectators to witness the start; and the hopes of our citizens are beating high, in anticipation of the long desired railroad.
Few companies can boast of their survey corps having more national representatives than the Gurley and Paint Rock Railway Company. It is not often we get an Englishman, a Scotchman, a Frenchman, and an American to constitute the principles of an undertaking similar to this and we congratulate Capt. Gurley on securing a competent corps. We learn from the chief engineer that the work has progressed satisfactorily to date, and we will give full particulars in due time. Although the Gurley and Paint Rock Railroad was a dream for many Gurley residents at the time, it was never was built. Founder's stock certificates were issued but there was never enough money to build it.
Paint Rock is a town in Jackson County, Alabama, United States, along the Paint Rock River, and is included in the Huntsville-Decatur Combined Statistical Area. It was incorporated in July 1894. Read more at https://en.wikipedia.org/wiki/Paint_Rock,_Alabama
Gurley is a town in Madison County, Alabama, United States, and is included in the Huntsville-Decatur Combined Statistical Area. As of the 2010 census, the population of the town was 801. Read more at https://en.wikipedia.org/wiki/Gurley,_Alabama
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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