Elkhart and Western Rail Road Co. of Indiana - 1911 dated Partially Issued Stock Certificate - Carrot Cut Cancellations
Inv# RS4536 Stock
Stock printed by John Morris Company, Chicago. Several related documents included. Elkhart and Western Railroad Company, also called "The Pleasant Valley Line" named for a development location some five miles west of Elkhart. The "E & W" was the brainchild of a highly successful Elkhart Businessman, Dr. Herbert Bucklen. The volume of freight on the E&W was astounding and revenues made the short line one of the most profitable in the world. Until the very end, it was difficult to find a skipped dividend. The E&W was Uniroyal's and Ball Bands freight door to the world. It also hauled thousands of tons of coal to the Twin Branch Steam Power Plant as well as other coal operations in town. In 1912 the New York Central bought the Elkhart and Western. Left: E&W under New York Central ownership in the 1940's, running through downtown Mishawaka. Right: The Elkhart & Western Station about 1900, later known as building 45 at the Uniroyal plant, now demolished. Photo and background information courtsey of Pioneer Railcorp. Read more at https://monon.org/mws/tws/nyc.html
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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