Columbus Hope and Greensburg Railroad Co. - High Denomination 1885 dated Railroad Stock Certificate
Inv# RS5551 Stock
High number of shares Stock certificate with gold $50 imprint. The Columbus, Hope and Greensburg Railroad Company, herein called the Columbus, Hope and Greensburg, is a single-track, standard-gage, steam railroad, located in the southeastern part of Indiana. The owned mileage extends westerly from Greensburg to Columbus, a distance of 24.313 miles. The Columbus, Hope and Greensburg also owns yard and side tracks totaling 4.226 miles. Its road thus embraces 28.539 miles of all tracks owned. All of its property is leased to and operated by the Big Four.
The Hope and Greensburg Railroad Company was the predecessor of the Columbus, Hope and Greensburg and the two companies are herein treated together and collectively referred to as the Columbus, Hope and Greensburg. No accounting records of the Columbus, Hope and Greensburg are obtainable. All of the information contained in this report was taken from the records of the Big Four and the Cincinnati, Indianapolis, St. Louis and Chicago Railway Company; the returns and the minute book of the Columbus, Hope and Greensburg; and certain annual reports of the Columbus, Hope and Greensburg to us for the years ended June 30, 1888, 1889, and 1891.
The Columbus, Hope and Greensburg was originally incorporated on January 29, 1880, under the general laws of Indiana as The Hope and Greensburg Railroad Company for the purpose of constructing a railroad from Hope, Ind., in an easterly direction to Greensburg, Ind. Extension of the railroad in a westerly direction from Hope, to Columbus, Ind., was authorized by action of the stockholders and directors on January 17, 1881, and new articles of incorporation changing the name of the company to The Columbus, Hope and Greensburg Railroad Company were filed with the secretary of state of Indiana March 21, 1882. The two companies are herein collectively referred to as the Columbus, Hope and Greensburg. The principal office is at Greensburg, Indiana. Read more at https://en.wikipedia.org/wiki/Wikipedia:WikiProject_Trains/ICC_valuations/Columbus,_Hope_and_Greensburg_Railroad
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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