Gulf, Colorado and Sante Fe Railway Co. - 1944 dated Texas Railroad Stock Certificate
Inv# RS4001B Stock
New Mexico
Texas
Stock with great train vignette and declaration of interest papers attached with red 50 cent and green 30 cent revenue stamps! 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
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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