Fort Dodge, Des Moines and Southern Railway Co. - Railroad Stock Certificate
Inv# RS5438 StockLooks like a Working Proof Stock printed by Security Banknote Company. Stain on back shows through some. From 1942 to 1983, the railroad operated before becoming part of the Chicago and North Western Transportation Company. The Chicago and North Western (reporting mark CNW), also known as the "North Western," was a Class I railroad serving the Midwestern United States. At its peak in the early 20th century, the railroad operated over 5,000 miles (8,000 km) of track, eventually expanding to more than 12,000 miles (19,000 km) across seven states. However, a period of retrenchment in the late 1970s saw a reduction in its operations. Before 1972, when its employees purchased the company, it was known as the Chicago and North Western Railway (or Chicago and North Western Railway Company).
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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