Illinois Central Railroad Co. - 1940's dated Gorgeous Map Vignette Stock Certificate
Inv# RS2729 Stock
Stock printed by American Bank Note Company. Available in Orange or Green. Please specify color. Available Unissued as well. Inquire if interested.
The Illinois Central Railroad (reporting mark IC), sometimes called the Main Line of Mid-America, was a railroad in the central United States, with its primary routes connecting Chicago, Illinois, with New Orleans, Louisiana, and Mobile, Alabama. A line also connected Chicago with Sioux City, Iowa (1870). There was a significant branch to Omaha, Nebraska (1899), west of Fort Dodge, Iowa, and another branch reaching Sioux Falls, South Dakota (1877), starting from Cherokee, Iowa. The Sioux Falls branch has been abandoned in its entirety.
The Canadian National Railway acquired control of the IC in 1998. The IC was one of the oldest Class I railroads in the United States. The company was incorporated by the Illinois General Assembly on January 16, 1836. Within a few months Rep. Zadok Casey (D-Illinois) introduced a bill in the U.S. House of Representatives authorizing a land grant to the company to construct a line from the mouth of the Ohio River to Chicago and on to Galena. Federal support, however, was not approved until 1850, when U.S. President Millard Fillmore signed a land grant for the construction of the railroad. The Illinois Central was the first land-grant railroad in the United States.
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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