Louisville Southern Railroad signed by Bennett H. Young - Stock CertificateInv# CW1034 Stock
Bennett H. Young, (1843-1919) Leader of the famous Confederate raid on St. Albans, Vermont. Bennett Young had served with John Hunt Morgan in Kentucky. Post-war he was an attorney, railroad officer, author and National Commander of the United Confederate Veterans. Gorgeous engraved Kentucky stock of the Louisville Southern Railroad with nice bold signature of Young, dated early 1890’s. Choice Condition.
The Louisville Southern Railroad (abbreviated: LS) was a 19th-century railway company in the U.S. state of Kentucky. It operated from 1884 until 1894, when it was incorporated into the Southern Railway in Kentucky.
Originally incorporated as the Louisville, Harrodsburg and Virginia Railroad in 1868, no track was laid until the early 1880s. When the Louisville, New Albany and Chicago Railway was chartered in 1882 and began an attempt to challenge the L&N's access to the Eastern Kentucky Coalfields, the LH&V was reörganized as the Louisville Southern and hired the LNA&C's president, Louisvillian Bennett Young. Construction commenced in 1884 and ran from Louisville through Shelbyville and Lawrenceburg to Harrodsburg, which was reached in 1888. A spur was constructed to Burgin, where the Louisville Southern joined the Cincinnati Southern's mainline.
In 1888, the Louisville Southern also began a spur from Lawrenceburg to Versailles and Lexington. It then purchased the Versailles and Midway and initiated service to Georgetown. The line to Lexington crossed the Kentucky River at Tyrone by means of the 1,625-foot (495 m) Young's High Bridge and initiated service in October 1889.
Within Louisville, the LS leased the track and facilities of the Kentucky and Indiana Bridge and Railroad Company: passengers boarded and disembarked at Central Station on Seventh Street and cargo was loaded and unloaded at the K&I's West End yard. The Louisville Southern in turn was leased by the LNA&C from 1889 to March 1890. The East Tennessee, Virginia and Georgia Railway later leased both the Cincinnati Southern and the Louisville Southern and all three were merged into the Southern system in 1894.
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.