Chesapeake and Ohio Grain Elevator Co. (Uncanceled) - 1885 dated Bond
Inv# GS5122 Stock
New Jersey
Ohio
Uncanceled Stock. Rare!
The Chesapeake and Ohio Grain Elevator Company was a subsidiary of the Chesapeake and Ohio (C&O) Railroad, formed in 1882 to build and operate a grain elevator and warehouse in Newport News, Virginia. The C&O Railway had expanded to the port of Newport News in the 1880s, creating a major eastern terminus for its coal and cargo shipments. The grain elevator was a key part of this strategy, intended to handle agricultural products transported by the railroad and to facilitate their shipment to other ports.
The company's existence was relatively short-lived due to a destructive fire. On September 4, 1915, the Newport News grain elevator was completely destroyed by fire and was never rebuilt by the Chesapeake and Ohio Grain Elevator Company. The demise of the company's sole property brought an end to its operations under its original corporate structure. It was not until much later, after the C&O acquired the Baltimore and Ohio Railroad, that C&O-controlled grain operations would again serve the East Coast through the port of Baltimore.
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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