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Dayton and Michigan Railroad - dated 1860's Railway Stock Certificate

Inv# RS1070   Stock
State(s): Michigan
Years: 1860's
Color: Black

Railroad Stock. Vignette of Indian maiden resting in lower left and train scene in top center. Varying amounts of hole cancellations. Nice. Rare!!!

The Cincinnati, Hamilton and Dayton Railroad (CH&D) was a railroad based in the U.S. state of Ohio that existed between its incorporation on March 2, 1846, and its acquisition by the Baltimore and Ohio Railroad in December 1917. (This railroad should not be confused with the Cincinnati, Hamilton & Dayton Railway, an Ohio interurban of exactly the same name which existed between 1926 and 1930.) It was originally chartered to build from Cincinnati to Hamilton, Ohio, and then to Dayton, a distance of 59 mi (95 km); further construction and acquisition extended the railroad, and by 1902 it owned or controlled 640 mi (1,030 km) of railroad. Its stock and bond value plunged in late 1905 after "financial mismanagement of the properties" was revealed. The original CH&D was founded by John Alexander Collins, who was born on June 8, 1815 in Staffordshire, England. He came to the US as a child in 1825, and worked as a locomotive engineer until moving to Ohio in 1851 to open the CH&D. Collins remained with the line until 1872, six years before his death in Covington, Kentucky. Collins is buried in Woodland Cemetery in Dayton, where his tombstone details his life and its work.

The railway received a charter from the State of Ohio on March 2, 1846 as the "Cincinnati and Hamilton Railroad". The name was changed by the legislature to the Cincinnati, Hamilton and Dayton Railway on February 8, 1847. Work on the road began in 1850, and by September of that year the right of way had been obtained between Cincinnati and Hamilton, with the right of way between Hamilton and Dayton being sought. The road was graded by this time as well, since iron for the rails had arrived. By May 1851, the entire right of way was purchased and grading along the entire route finished. The first trains ran on September 18, 1851: Two special inaugural trains from Dayton met two special inaugural trains from Cincinnati at Hamilton. Read more at https://en.wikipedia.org/wiki/Cincinnati,_Hamilton_and_Dayton_Railway_(1846%E2%80%931917)

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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: $29.50