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1,500 or 1,250 Shares Canada Southern Bridge Co. - 1877-1879 dated Michigan Railroad & Bridge Stock Certificate - Please Specify Number of Shares

Inv# HD1040   Stock
Country: Canada
State(s): New York
Years: 1877-1879
Color: Black Print

1,500 or 1,250 shares Stock printed by John Hamilton Stationer & Printer-NY. Rare!!! Please Specify Number of Shares you would like.

The Canada Southern Bridge Company, incorporated on September 23, 1873, under Michigan’s general laws, was a subsidiary of the Canada Southern Railway. Its primary objective was to establish a crucial international transportation link. In 1873, the company constructed a 3.66-mile standard-gauge rail corridor. This corridor stretched from Slocum Junction near Trenton, Michigan, across a swing bridge to Grosse Ile, and then over a fixed bridge to Stony Island. At Stony Island, just east of Grosse Ile, railroad cars were loaded onto ferries to cross the Detroit River to Amherstburg (Gordon), Ontario. This intermodal system bypassed the extensive geographic detours of the Midwestern United States, providing a highly efficient and direct freight and passenger pipeline between Michigan, southwestern Ontario, and eastern markets like Buffalo and New York City.

However, economic hardship soon changed the company’s course. In 1874, its parent company declared bankruptcy, leading to the line’s control being transferred to American railroad tycoon Cornelius Vanderbilt and his New York Central system. In 1882, an operating agreement was signed, leasing the entire physical infrastructure of the bridge company to the Vanderbilt-controlled Michigan Central Railroad. Under Michigan Central’s operations, the river-ferry connection became obsolete due to the development of alternative underwater rail tunnels and high-capacity bridges. The Canada Southern Bridge Company’s unique network operated for approximately nine years in its original capacity before evolving into a local line. Eventually, it faced abandonment around 1925.

Some portions of its historic right-of-way were later repurposed for vehicular traffic, leaving a lasting structural footprint on the regional landscape.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $225.00