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Central of Georgia Railway Co. - 1950's dated Georgia Railroad Stock Certificate

Inv# RS1030   Stock
State(s): Georgia
Years: 1950's
Color: Orange

Railroad Stock. Portrait of male with hammer. Rare vignette. A railroad from a scarce popular state. The Central of Georgia Railway (reporting mark CG) started as the Central Rail Road and Canal Company in 1833. As a way to better attract investment capital, the railroad changed its name to Central Rail Road and Banking Company of Georgia. This railroad was constructed to join the Macon and Western Railroad at Macon, Georgia, in the United States, and run to Savannah. This created a rail link from Chattanooga, on the Tennessee River, to seaports on the Atlantic Ocean. It took from 1837 to 1843 to build the railroad from Savannah to the eastern bank of the Ocmulgee River at Macon; a bridge into the city was not built until 1851.

During the Savannah Campaign of the American Civil War, conducted during November and December 1864, federal troops tore up the rails and converted them into "Sherman's neckties." Despite the similarity between the two names, the Georgia Central Railway has no ties with the Central of Georgia Railway. Read more at https://en.wikipedia.org/wiki/Central_of_Georgia_Railway

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Condition: Extremely Fine

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: $27.50