Canada Southern Bridge Co - 1870's dated Michigan Railroad and Bridge Stock Certificate
Inv# RS2314 Stock
Stock printed by John Hamilton Stationer & Printer-NY. Rare!!! Certificate #3 available!
From Michiganrailroads.com:
This was a consolidation of two companies which operated track between Slocum Junction (near Trenton) to Stony Island (on the east side of Grosse Isle. It contained a swing bridge on the west side of Grosse Isle, and a fixed bridge from the island to Stony Island. Along with the railroad car ferry, this line provided service across the Detroit River to near Amherstberg, Ontario. Standard gauge, 3.66 miles long with 1.55 miles of sidings and spurs.
This was a Canada Southern ( CASO) bridge route from Amherstburg, Ontario to Michigan over Grosse Isle. This route was used extensively until the Michigan Central tunnel was built under the Detroit River about 1906. It continued to see freight and passenger service (to Grosse Isle) until the 1920's.
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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