Detroit, Hillsdale and South-Western Railroad Co. - 1930's dated Michigan Railway Stock Certificate
Inv# RS4311 Stock
Railroad Stock. Operated from 1875 to 1960. This railroad was part of the New York Central Railroad System. It's successor was the Michigan Central Railroad. The Michigan Central Railroad (reporting mark MC) was originally chartered in 1832 to establish rail service between Detroit, Michigan, and St. Joseph, Michigan. The railroad later operated in the states of Michigan, Indiana, and Illinois in the United States and the province of Ontario in Canada. After about 1867 the railroad was controlled by the New York Central Railroad, which later became part of Penn Central and then Conrail. After the 1998 Conrail breakup, Norfolk Southern Railway now owns much of the former Michigan Central trackage. At the end of 1925, MC operated 1,871 miles (3,011 km) of road and 4,139 miles (6,661 km) of track; that year it reported 4,304,000 net ton-miles of revenue freight and 600 million passenger-miles. Read more at https://en.wikipedia.org/wiki/Michigan_Central_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.
Ebay ID: labarre_galleries