Gaylord and Ruby Valley Railway Co. - circa 1890's Railroad Stock Certificate - Part of the Northern Pacific Railroad System
Inv# NP1039 Stock
Unissued Stock. Very Rare! This railroad operated from 1897 to 1899. It then became part of the Northern Pacific Railroad system. On July 2, 1864, Congress chartered the Northern Pacific Railway Company with the objectives of connecting the Great Lakes to Puget Sound on the Pacific Ocean, opening up vast new lands for farming, ranching, lumbering, and mining, and linking Washington and Oregon with the rest of the country.
To incentivize the construction of rail infrastructure in undeveloped territories, Congress granted the railroad up to 60 million acres (94,000 square miles; 240,000 square kilometers) of land. Josiah Perham was appointed as the company's first president on December 7, 1864. Ultimately, the company utilized just under 40 million acres of the granted land.
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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