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Chessie System, Inc. - 1970's dated Railroad Holding Co. Stock Certificate - Owned the C&O, B&O and Western Maryland Railway

Inv# RS1034   Stock
State(s): Virginia
Years: 1970's
Color: Red, Orange or Green

Railroad Stock. Exceptional vignette of pioneer and modern surveyors with river & city scene in background. Quite rare!!! Available in Red, Green or Orange. Please specify color. Chessie System, Inc. was a holding company that owned the Chesapeake & Ohio Railway (C&O), the Baltimore & Ohio Railroad (B&O), the Western Maryland Railway (WM), and several smaller carriers. Headquartered in Cleveland, Ohio, the Chessie System was the creation of Cyrus S. Eaton and his protégé Hays T. Watkins, Jr., then president and chief executive officer of the C&O. A chief source of revenue for the Chessie System was coal mined in West Virginia. Another was the transport of auto parts and finished motor vehicles.

The signature symbol of the Chessie System was its "Ches-C", a large emblem incorporating the outline of the C&O's famous "Chessie" the kitten logo. C&O had been popularly known as "Chessie System" since the 1930s, and a version of the image of the "Chessie" mascot kitten used in advertising earlier in the C & O's history. The Ches-C was emblazoned on the front of all Chessie System locomotives, and also served as the "C" in "Chessie System" on the locomotive's flanks, and on other rolling stock. Chessie System was incorporated in Virginia on February 26, 1973, and it acquired the C&O (which controlled the other companies) on June 15. The three railroads had been closely related since the 1960s. C&O had acquired controlling interest in B&O in 1962, and the two had jointly controlled WM since 1967. Read more at https://en.wikipedia.org/wiki/Chessie_System

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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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $15.00