Arizona and California Railway Co. - circa 1900's Unissued Railroad Stock Certificate - Branch Line of the Atchison Topeka Santa Fe Railway
Inv# AT19 Stock
Unissued Stock printed by Goes. Stub attached at left of stock. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and Santa Fe, New Mexico. The railroad reached the Kansas–Colorado border in 1873 and Pueblo, Colorado, in 1876. To create a demand for its services, the railroad set up real estate offices and sold farmland from the land grants that it was awarded by Congress.
As the railroad was first being built, many of the tracks were laid directly over the wagon ruts of the Santa Fe Trail. In 1869, the first general office building of the company was built in Topeka. This building also served as a passenger station and freight depot. When the line was extended to Newton, Kansas in 1871, the railroad became a major cattle shipper to ensure a steady revenue stream. Read more at https://en.wikipedia.org/wiki/Atchison,_Topeka_and_Santa_Fe_Railway
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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