Chicago and Eastern Illinois Railroad - 1880's-1900's dated Railway Stock Certificate
Inv# RS2052 Stock
Hole and stamp cancelled. Two attractive train vignettes by Franklin Bank Note Co. Superb! Excellent Condition.
The Chicago and Eastern Illinois Railroad (reporting mark CEI) was a Class I railroad that linked Chicago to southern Illinois, St. Louis, and Evansville. Founded in 1877, it grew aggressively and stayed relatively strong throughout the Great Depression and two World Wars before finally being purchased by the Missouri Pacific Railroad (MP or MoPac) and the Louisville and Nashville Railroad (L&N). Missouri Pacific merged with the C&EI corporate entity in 1976, and was later acquired itself by the Union Pacific Railroad.
The Chicago and Eastern Illinois Railroad was organized in 1877 as a consolidation of three others: the Chicago, Danville and Vincennes Railroad (Chicago-Danville, November 1871), the Evansville, Terre Haute and Chicago Railroad (Danville-Terre Haute, October 1871) and the Evansville and Terre Haute Railroad (Terre Haute-Evansville, November 1854). Intended to merge or purchase railroads that had built lines between the southern suburbs of Chicago and Terre Haute, Indiana through Danville, Illinois, the C&EI constructed a new line from Chicago to a Mississippi River connection in extreme southern Illinois at Thebes. Read more at https://en.wikipedia.org/wiki/Chicago_and_Eastern_Illinois_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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