Bellingham Bay and Eastern Railroad Company - Stock CertificateInv# NP1047A Stock
Stock printed by Western Bank Note Co., Chicago.
From Railroad Manual of 1898: New Whatcom to Lake Whatcom, Wash. 2.4 m; Woodlawn to Mannings, Wash, 3.8 m- total 6.2m; total track 9steel 40 and 56 lbs) 7.45 miles Chartered Dec. 17, 1896road from New Whatcom to Lake Whatcom opened June 8, 1892 Woodlawn to Mannings Aug. 1, 1896. The Company has trackage rights over the Great Northern Ry from Kentucky Junc. To Whatcom Junc. 3.14 miles.
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.