1,000 Shares of Indiana, Illinois and Iowa Railroad Co. - 1898 dated Stock Certificate
Inv# HD1057
Stock
Indiana
Iowa
1,000 shares Stock printed by Franklin Bank Note Co., New York. Great train vignette and revenue stamps on back! Some glue residue at the stub.
The Indiana, Illinois, and Iowa railroad was created in the mid-to-late 1800s. It ran from Streator, IL into central Indiana, never fully reaching Iowa. The Indiana, Illinois, and Iowa was merged with the Indiana Harbor Railroad in 1906 to create the Chicago, Indiana, and Southern.
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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