Harrison Branch Co. - 1860's dated Railway Stock Certificate - Ohio, Hamilton County Railroad
Inv# RS4104 Stock
Hamilton County, OH. Stock. Glue at left stub border. Rare! Also available unissued at a lesser price. Please inquire if interested. Operated from 1864 to 1871. As Harrison Branch Railroad, operated from 1871 to 1912. Successor was the Cleveland, Cincinnati, Chicago and St. Louis Railway.
From railsandtrails.com:
Thirty-eight railroad companies were chartered in 1853 in all directions and in all parts of the State. But only seven of the companies built their roads or portions of them, nearly all of which have become parts of other lines and otherwise lost heir(sp) identity.
Cincinnati and Indiana Railway Company. This company was first incorporated February 7, 1853. (Rec. of Incorporation, vol. 1, page 43.) Work was delayed for several years, and a new certificate of incorporation was filed April 18, 1866. (Rec. of Incorp., vol. 2, page 82.) The road of the company was built from Cincinnati to the State line between Ohio and Indiana, a distance of twenty miles. The company also built the Harrison branch from the Valley Junction to the Indiana State line, a distance of about eleven miles, to Harrison. The road and branch were both within the County of Hamilton. The branch was built under the provisions of the amendment of section four of the General Act of May 1, 1852. At the Indiana State line the road connected with the Indianapolis and Cincinnati Railroad. On the first of May, 1866, the road and the Harrison branch were leased in perpetuity to the Indianapolis and Cincinnati Railroad Company, now called the Indianapolis, Cincinnati and Lafayette Railroad Company. This company became embarrassed and the road went into the hands of a receiver, who also exercised jurisdiction over the Cincinnati and Indiana road and Harrison branch.
This company is involved with several lines of railroad in Indiana whose companies were incorporated in that State at a much earlier date. The Lafayette and Indianapolis Railroad Company chartered in 1846 and built a road from Lafayette to Indianapolis. The Lawrenceburg and Rushville Railroad Company incorporated in 1848. There were several subsequent acts passed, one of which authorized this company to build a road to Greensburg, which became its direct line, the line to Rushville not being built. The Shelbyville and Indianapolis Railroad Company incorporated in 1850. The charter of this company contained several conditions, which finally resulted in the company building a road from Shelbyville to Indianapolis. In the same act incorporating the Shelbyville and Indianapolis Railroad Company, the name of the Lawrenceburg and Rushville Railroad Company was changed to Lawrenceburg and Upper Mississippi Railroad Company, and the company authorized to extend its road from Lawrenceburg to Shelbyville.
On October 4, 1853, the name of the company was changed to Indianapolis and Cincinnati Railroad Company. On April 18, 1861, the Cincinnati and Indiana Railroad Company first above mentioned was incorporated for building a railroad from Cincinnati to the boundary line between Ohio and Indiana.. (Rec. of Corp., vol. 2, page 83.)
On May 1, 1866, the road of this company and the Harrison branch, a part of the Cincinnati and Indianapolis line, was leased in perpetuity to the Indianapolis and Cincinnati Railroad Company, the latter company having extended its line from Lawrenceburg to the State line between Ohio and Indiana, where it connected with the Cincinnati and Indiana Railroad, thus forming a continuous line of road from Cincinnati to Indianapolis. On February 21, 1880, the Cincinnati and Indianapolis and St. Louis Railway Company was incorporated and afterwards bought the Cincinnati, Lafayette and Chicago Railroad. This company had built a railroad from Kankakee, Illinois, to Templeton, Indiana, where the Lake Erie and Western Railroad crosses west of Lafayette. On May 6, 1880, the Indianapolis, Cincinnati and Lafayette Railroad was sold by order of the United States District Court .and purchased by the Cincinnati, Indianapolis, St. Louis and Chicago Railway Company. By this purchase the latter company, through a connection with the Illinois Central Railroad at Kankakee, formed a line between Cincinnati and Chicago. This line is now the Chicago division of the Cleveland, Cincinnati, Chicago and St. Louis Railway Company. The company has one or two short branches in Indiana and Illinois not necessary to be described here.
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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