Fort Wayne, Cincinnati and Louisville Railroad Co. Signed by Elijah Smith - Stock CertificateInv# AG1710A Stock
Stock printed by American Bank Note Co., New York & Boston. Signed by Elijah Smith on the front as president.
Elijah F. Smith (1792–1879), mayor of Rochester, New York. Further research needed.
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.