James River Valley Railroad Company signed by Crawford LivingstonInv# AG2130 Stock
Crawford Livingston, railroad builder, St. Paul, Minn., descends from the famous Livingston family, land owners of New York. Crawford was born in New York City May 6, 1848 and educated in the academy at Albany, and at the age of sixteen became a stock broker on Broad Street, New York City, in White, Livingston & Kendrick. He was afterward Deputy Treasurer of New Jersey. In 1870, he settled in St. Paul as purchasing agent of the Winona & St. Peter Railway and as stock broker and a banker. With Henry Villard he built The Little Falls & Dakota Railway and then built and owned The James River Valley Railway and The Detroit & Manitoba Railroad. He was also associated with A.B. Stickney in constructing The Minnesota Central and The Minnesota & North Western Railways, another of his road being The Chicago & Great Western. Livingston has been continuously successful in his operations, and had large interest outside the field of transportation, being controlling owner of The St. Paul Gas Light Co., and connected with The Merchants' National Bank, The Union Bank, The Title Insurance & Trust Co., The St. Paul Light, Heat & Power Co., The Edison Electric Co., The Inter-State Investment Co., The International Dock & Warehouse Co., The Livingston Land Co., and several other corporations. Mr. Livingston was married, Jan. 28, 1875 in St. Paul to Mary S. Livingston. His children were Crawford, Marie Steele, Abby Francis and Gerald Moncrieffe Livingston. He was president of the Town and Country clubs and a member of the St. Paul, Minnesota, Baptism River, Curling, St. Paul Driving and Island Pass clubs, and of the New York club of New York City.
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.