Gulf Colorado & Santa Fe Railway Co. - Texas and Oklahoma Railroad Unissued Stock Certificate
Inv# TX1044 Stock
Unissued Stock printed by M. Strickland, Lith, Galveston, Texas. The Gulf, Colorado and Santa Fe Railway was a subsidiary of the Atchison, Topeka & Santa Fe Railway. From its starting point in Galveston, Texas, the railroad eventually extended northwestwards across the state to Sweetwater and northwards via Fort Worth to Purcell, Oklahoma.
In 1873, competition between the cities of Houston and Galveston was strong, and the Galveston, Houston & Henderson Railroad (GH&H) was the only rail link between the two cities. The competition between Houston and Galveston was fed by the quarantines, which were often imposed on Galveston traffic by Houston. These quarantines occurred almost annually and were based on yellow fever outbreaks and epidemics. So, the citizens of Galveston decided to build their own railroad line that would reach across Texas, into the Panhandle, and across the state line to Santa Fe, New Mexico. The idea was to bypass Houston. The Gulf, Colorado & Santa Fe Railroad (GC&SF) was chartered, and the state agreed to grant 16 sections of land per mile of track laid. Read more at https://en.wikipedia.org/wiki/Gulf,_Colorado_and_Santa_Fe_Railway
Galveston is a coastal resort city and port off the Southeast Texas coast on Galveston Island and Pelican Island in the U.S. state of Texas. The community of 209.3 square miles (542 km2), with a population of 53,695 in 2020, is the county seat of surrounding Galveston County and second-largest municipality in the county. It is also within the Houston–The Woodlands–Sugar Land metropolitan area at its southern end on the northwestern coast of the Gulf of Mexico.
The Galveston Railway, originally established and named in 1854 as the Galveston Wharf and Cotton Press Company, is a Class III terminal switching railroad that primarily serves the transportation of cargo to and from the Port of Galveston. The railway operates 32 miles (51 km) of yard track at Galveston, over a 50-acre (200,000 m2) facility. The Galveston Railroad today owned Rail Link Inc. interchanges with the Union Pacific Railroad Company and BNSF Railway Company on Galveston Island. The two class one Railroads reach Galveston by way of a new vertical lift railroad causeway bridge that crosses Galveston Bay next to the Interstate-45 bridge.
The city last had direct intercity passenger train service in 1967 with the Santa Fe Railroad's Texas Chief from Chicago. Galveston is served by Amtrak Thruway Motorcoach service at Galveston Amtrak bus stop, with service to Houston for Amtrak's Sunset Limited, continuing further north to Longview for Amtrak's Texas Eagle. Read more at https://en.wikipedia.org/wiki/Galveston,_Texas
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