3,236 Shares White Water Railroad Co. - 1890 dated Stock Certificate
Inv# HD1091 Stock
3,236 shares Stock printed by Henry Seibert & Son, N.Y. Nice red coloring!
The Whitewater Valley Railroad is a heritage railway located in southeastern Indiana, stretching between Connersville and Metamora. This railroad is committed to the preservation and exhibition of branch line railroading from the 1950s. Throughout most of the year, it operates vintage diesel switchers and road switchers, while steam operations fluctuate annually. The latest steam locomotive to be donated to the organization is the New York Central B-10W 0-6-0 #6894, which closely resembles the final steam engines that were in service on this line. The Whitewater River historically served as a natural trade route for both Native Americans and early settlers. In 1836, the newly established state of Indiana allocated funds for the construction of the Whitewater Canal, which traced the river from Lawrenceburg, Indiana, to Hagerstown, Indiana, covering a distance of 76 miles (122 km). The canal was opened to Connersville, Indiana, in 1845. Although it enhanced trade in the region, the canal faced challenges from alternating periods of drought and flooding, which resulted in the destruction of aqueducts and embankments. By the late 1850s, the damage caused by floods was so severe that local residents requested the state to sell the right of way for a railroad.
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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