Drummond and Philipsburg Railroad Co. - 1880's dated Unissued Montana Railway Stock Certificate - Northern Pacific Railroad
Inv# NP1037 Stock
The Drummond and Philipsburg Railroad commenced its operations in 1887 and ceased service in 1888, resulting in a total operational duration of one year. Drummond is located in Granite County, Montana, while Philipsburg serves as both a town and the county seat of Granite County, Montana. The Northern Pacific Railway, designated by the reporting mark NP, was a transcontinental railroad that traversed the northern region of the western United States, extending from Minnesota to the Pacific Northwest. Authorized by Congress in 1864, it received nearly forty million acres in land grants, which were utilized to secure funding in Europe for its construction.
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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