Missouri, Kansas and Texas Railway Co. - The Katy - 1890's-1919 dated Railroad Stock Certificate
Inv# RS2526 Stock
Missouri
Texas
Stock printed by Franklin Bank Note Co. NY. Red or orange foreign embossed revenue on some. Available in Brown, Green, Blue or Red. Please specify color. The Missouri–Kansas–Texas Railway (reporting mark MKT) is a former Class I railroad company in the United States, with its last headquarters in Dallas. Established in 1865 under the name Union Pacific Railway, Southern Branch, it came to serve an extensive rail network in Texas, Oklahoma, Kansas, and Missouri. In 1988, it merged with the Missouri Pacific Railroad; today, it is part of Union Pacific Railroad. In the 1890s the MKT was commonly referred to as "the K-T", because it was the Kansas-Texas division of the Missouri Pacific Railroad and "KT" was its stock exchange symbol. This soon evolved into the nickname "the Katy".
The Katy was the first railroad to enter Texas from the north. Eventually the Katy's core system would link Parsons, Fort Scott, Junction City, Olathe, and Kansas City, Kansas; Kansas City, Joplin, Columbia, Jefferson City, and St. Louis, Missouri; Tulsa ; Wagoner; and Oklahoma City, Oklahoma; Dallas, Fort Worth, Waco, Temple, Austin, San Antonio, Houston, and Galveston, Texas. An additional mainline between Fort Worth and Salina, Kansas, was added in the 1980s after the collapse of the Chicago, Rock Island and Pacific Railroad; this line was operated as the Oklahoma, Kansas and Texas Railroad (OKKT). Former Rock Island trackage rights acquired by the Katy also gave it access to Lincoln and Omaha, Nebraska and Council Bluffs, Iowa. Read more at https://en.wikipedia.org/wiki/Missouri%E2%80%93Kansas%E2%80%93Texas_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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