1,350 Shares Grand Canyon Railway Co. - 1908 dated Railroad Stock Certificate - Part of the Atchison, Topeka and Santa Fe Railroad System
Inv# HD1051 Stock
1,350 shares Stock printed by American Bank Note Co. New York Litho. The Grand Canyon Railway (reporting mark GCRX) is a heritage railroad that operates passenger service between Williams, Arizona, and the South Rim of Grand Canyon National Park. Built by the Atchison, Topeka and Santa Fe Railway, the 64-mile (103-kilometer) line was completed on September 17, 1901. The arrival of trains significantly boosted tourism in the region, and the railway company played a key role in developing the Grand Canyon Village to accommodate visitors. However, as automobile travel became more popular, ridership declined, leading the Atchison, Topeka and Santa Fe Railway to end passenger service in July 1968 and freight service in 1974. In 1988, private investors acquired the railway, restored its facilities, and resumed passenger service on September 17, 1989. Today, the Grand Canyon Railway operates year-round, transporting hundreds of passengers to and from the canyon daily.
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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