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Collis P. Huntington - Short Route Railway Transfer Company of Louisville, Kentucky - Stock Certificate

Inv# AG1114   Stock
Collis P. Huntington - Short Route Railway Transfer Company of Louisville, Kentucky - Stock Certificate
State(s): Kentucky
Years: 1884

Collis Potter Huntington (1821-1900), Railroad Magnate, Capitalist. Started life as a peddler. Later, became involved with Leland Stanford, Charles Crocker, and Mark Hopkins (called “The Big Four”), also called the “Huntington Group”. They financed a survey for the transcontinental route and secured government support. They won exclusive control. The railroad known as the Central Pacific was completed to a junction with the Union Pacific in 1869. Further involvement in other railroads led to the Southern Pacific. Later in 1890 he displaced Stanford as President of the Southern Pacific. He was greatly interested in developing the Chesapeake & Ohio. Vindictive and untruthful, he was a persistent opponent of the idea that his railroads were to any degree burdened with obligations to the public. He signs this great 1884 railroad stock as President. Great signature slightly affected by the hole cancellation. A nice portrait of Huntington is included. Excellent Condition.

Collis P. Huntington was born in Harwinton, Connecticut in 1821. In 1842 he and his brother established a successful business in Oneonta, New York, selling general merchandise. When he saw opportunity blooming in America's West, he set out for California, and established himself as a merchant in Sacramento at the start of the California Gold Rush. Huntington succeeded in his California business, too, and it was here that he teamed up with Mark Hopkins selling miners' supplies and other hardware. In the late 1850s, he and Hopkins joined forces with two other successful businessmen, Leland Stanford and Charles Crocker, to pursue the idea of creating a rail line that would connect the America's East and West. In 1861, these four businessmen (sometimes referred to as The Big Four) pooled their resources and business acumen, and formed the Central Pacific Railroad company to create the western link of America's transcontinental railway system. Of the four, he had a reputation for being the most ruthless in pursing the railroad's business and the ouster of his partner, Stanford. On May 10, 1869, at Promontory, Utah, the tracks of the Central Pacific Railroad joined with the tracks of the Union Pacific Railroad, and America had a transcontinental railroad. The joining was celebrated by the driving of the golden spike. He was later involved in the establishment of the Southern Pacific Railroad, which was purchased by the Big Four principals of the Central Pacific Railroad in 1868. The railroad's first locomotive, C. P. Huntington, was named in his honor. Beginning in 1871, he oversaw completion of the Chesapeake and Ohio Railway from Richmond across Virginia and West Virginia to reach the Ohio River. There, he established the planned city of Huntington, West Virginia. He became active in developing the emerging southern West Virginia coal business for the C&O. In the 1880s, he led the building of the C&O's Peninsula Subdivision which extended from the Church Hill Tunnel in Richmond east down the Virginia Peninsula through Williamsburg to the southeastern end of the Peninsula on the harbor of Hampton Roads in Warwick County, Virginia where he established coal piers in a location which became the City of Newport News in 1896. Nearby, he also founded Newport News Shipbuilding, the largest privately owned shipyard in the United States. SOLD

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.
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