Crossett, Monticello and Northern Railway Co. - 1912 dated Arkansas Railroad Stock Certificate
Inv# RS5342 Stock
Stock printed by Goes. Rare!
The Crossett, Monticello and Northern Railway Company (CM&N) was a short-lived but significant link in Southeast Arkansas’s industrial history. Incorporated on April 10, 1912, the CM&N was established to acquire the assets of the Crossett Railway Company, a 10-mile “tap line” created in 1905 by the Crossett Lumber Company. The CM&N’s primary goal was to expand this existing infrastructure by constructing a northward line to Monticello, Arkansas. This would connect local timber operations to the broader national rail network through the St. Louis, Iron Mountain & Southern Railroad. However, the company faced rapid financial difficulties and could only extend the tracks as far as Fountain Hill before running out of funds.
The CM&N’s independent existence was brief. On August 23, 1912, the Ashley, Drew and Northern Railway (AD&N) acquired the company and its incomplete route. Under this new ownership, construction was completed, and the full line to Monticello officially opened in July 1913. Although the CM&N name faded away, its established right-of-way became the foundation of a 40.7-mile system that fueled the region’s economy for over 80 years. This corridor remained a crucial artery for transporting lumber, paper products, and chemicals until its eventual abandonment by Georgia-Pacific in June 1996.
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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