Jackson and Eastern Railway Co. - Unissued Railroad Stock Certificate - Meridian, Mississippi
Inv# RS2850 Stock
Unissued Stock. Dement Printing Co., Meridian, Mississippi.
The Jackson and Eastern Railway Company, incorporated in Mississippi on January 24, 1916, set out to construct a 72-mile rail line connecting Union and Jackson, Mississippi. Led by President and General Manager Sam A. Neville, construction commenced in Union, where the line intersected with the Meridian & Memphis Railway. By November 1916, the initial 13.5 miles had been completed, extending as far as Sebastopol, Mississippi, as a standard-gauge steam railroad. Despite authorized extensions granted by the Interstate Commerce Commission in 1921, the line’s progress was limited, reaching only Tuscola by April 1925, covering a total of approximately 27 miles of track.
The railroad’s independence was short-lived as it struggled to fulfill its original objectives. In 1929, the Jackson and Eastern Railway merged with the Gulf, Mobile & Northern Railroad (GM&N), which also acquired the Meridian & Memphis Railway. This strategic move aimed to secure access to the cities of Meridian and Jackson from their hub in Union. The merged entity integrated the short line into a broader regional network that eventually became a significant shipping route between Chicago and Mobile. While the original company ceased to exist as an independent entity, its infrastructure became an integral part of the evolving rail landscape in central Mississippi during the early 20th century.
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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