Spokane International Railway - Signed by Daniel Chase Corbin - 1906 dated Autograph Railroad Stock Certificate - D. C. Corbin Signed Stock
Inv# RS4673 Stock
Stock printed by International Banknote Co., N.Y. Daniel Chase Corbin (1832-1918) signed as president. Available in Green or Brown. Please specify color.
Daniel Chase Corbin, a prominent figure in mining and railroad industries, played a significant role in the development and prosperity of Spokane, which serves as the economic and geographic heart of the Inland Northwest. He established his residence in Spokane in 1889, bringing with him a wealth of experience as a Western entrepreneur, which positioned him well to navigate the challenges posed by the Panic of 1893 that adversely affected the fortunes of Spokane's early business leaders. Corbin's wealth primarily stemmed from his railroads, which effectively connected the mines of the Idaho Panhandle and British Columbia's Kootenay region to Spokane, thereby transforming and enriching his adopted city. Throughout his career, he was actively engaged in a variety of enterprises, including banking, real estate, irrigation, beet sugar production, and coal mining.
Often recognized as Spokane's wealthiest individual, Corbin was frequently seen in his buggy, driven at high speed by a coachman. However, in contrast to many of his affluent peers, he did not take on a prominent role as a civic leader or philanthropist, and upon his passing, his fortune was inherited by his descendants. His personal and family life was shrouded in mystery, and his reserved nature did not endear him to the local community. Additionally, his reticence regarding his financial dealings would not comply with contemporary business transparency standards. Nevertheless, Corbin's impact on Spokane was profound, as his railroads and various ventures facilitated an influx of wealth that established the city as the center of the "Inland Empire" during his era.
The Spokane International Railroad, designated by the reporting mark SI, served as a short line railroad linking Spokane, Washington, to the Canadian Pacific Railway (CP) at Kingsgate, British Columbia. This route gained significance for the CP due to its connections with the Union Pacific Railroad and the city of Portland, Oregon. Initially referred to as the Spokane International Railway, the line was constructed by local entrepreneur and rail executive Daniel Chase Corbin, following a partnership agreement with the CP. Under this agreement, the CP committed to financing a substantial portion of the construction and securing the loan by holding the bonds of the newly established line.
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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