Indiana, Illinois and Iowa Railroad Co. - 1890's dated Unissued Railway Stock Certificate
Inv# RS5506 StockIndiana
Iowa
Unissued Stock printed by Woeltge & Cutting Stationer, N.Y. The Chicago, Indiana and Southern Railroad (reporting mark CI&S) was a former railroad that functioned in the states of Illinois and Indiana during the early 20th century. Established in 1906, the CI&S emerged from the merger of two other railroads: the Indiana, Illinois and Iowa Railroad and the Indiana Harbor Railroad. Additionally, the new railroad held the capital stock of the Danville and Indiana Harbor Railroad. The stock of this new entity was entirely owned by the Lake Shore and Michigan Southern Railway and the Michigan Central Railroad, both of which were components of the New York Central system. A report from 1907 referred to the CI&S as a "tributary to the Lake Shore." The railroad operated two lines: one running north to south between Indiana Harbor (East Chicago, Indiana) and Danville, Illinois, and another extending from the Spring Valley coalfields at Seatonville, Illinois, to South Bend, Indiana. Collectively, these two lines managed 301 miles (484 km) of track. In 1914, the CI&S was among several railroads that were consolidated to create the modern New York Central Railroad.
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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