Clearwater Short Line Railway - circa 1890's Unissued Montana ailroad Stock Certificate
Inv# NP1038
Stock
Unissued Stock. The Clearwater Short Line Railway is a branch of the Northern Pacific Railroad, now under active construction, extending from Missoula., Mont., westward across the States of Idaho and Washington to the Northern Pacific main line at Pasco Junction. The road will open a large and rich agricultural region now far distant from rail communication, and afford the many thousands of settlers within the former Nez Perces Reservation and adjacent region direct rail facilities for
reaching markets with their farm products. The road has reached. in actual construction the lands of the Indian allottees and the agency reservation, and beuce the imperative need of present legislation to permit such construction to proceed without delay. Paragraph from: https://digitalcommons.law.ou.edu/cgi/viewcontent.cgi?article=8158&context=indianserialset
The Northern Pacific Railway (reporting mark NP) was a transcontinental railroad that operated across the northern tier of the western United States, from Minnesota to the Pacific Northwest. It was approved by Congress in 1864 and given nearly forty million acres (62,000 sq mi; 160,000 km2) of land grants, which it used to raise money in Europe for construction. Construction began in 1870 and the main line opened all the way from the Great Lakes to the Pacific when former President Ulysses S. Grant drove in the final "golden spike" in western Montana on September 8, 1883. The railroad had about 6,800 miles (10,900 km) of track and served a large area, including extensive trackage in the states of Idaho, Minnesota, Montana, North Dakota, Oregon, Washington, and Wisconsin. In addition, the NP had an international branch to Winnipeg, Manitoba, Canada. The main activities were shipping wheat and other farm products, cattle, timber, and minerals; bringing in consumer goods, transporting passengers; and selling land. Read more at https://en.wikipedia.org/wiki/Northern_Pacific_Railway
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.
Ebay ID: labarre_galleries