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30,000 shares of Chicago, Indiana and Southern Railway Co. - 1906 dated Railroad Stock Certificate

Inv# HD1042   Stock
State(s): Illinois
Indiana
Years: 1906
Color: Green and Black

30,000 shares Stock. Certificate #2 & numerous 20 dollar tax stamps on back! The Chicago, Indiana & Southern Railroad (reporting mark CI&S) is a former railroad which operated in the states of Illinois & Indiana during the early 20th century. The CI&S formed in 1906 from the consolidation of the two other railroads: the Indiana, Illinois & Iowa Railroad & the Indiana Harbor Railroad. The new railroad also owned the capital stock of the Danville & Indiana Harbor Railroad. The stock of the new company itself was wholly owned by the Lake Shore & Michigan Southern Railway & the Michigan Central Railroad, both of which were part of the New York Central system. A 1907 report called the CI&S a "tributary to the Lake Shore." The railroad operated two lines: a north–south line between Indiana Harbor (East Chicago, Indiana) & Danville, Illinois, & a line from the Spring Valley coalfields at Seatonville, Illinois, to South Bend, Indiana. Together the two lines controlled 301 miles (484 km) of track. In 1914 the CI&S was one of several railroads consolidated to form the modern New York Central Railroad. Read more at https://en.wikipedia.org/wiki/Chicago%2C_Indiana_and_Southern_Railroad

Condition: Excellent

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.
OUT OF STOCK