John Henry Devereux - Lake Shore Railway Co - Stock CertificateInv# AG1250 Stock
Stock printed by American Bank Note Co., New York. Signed by J.H. Devereux as president. 25 cent revenue stamp over vignette!
In October 1867, the Cleveland, Painesville and Ashtabula Railroad leased the Cleveland and Toledo Railroad. The CP&A changed its name to the Lake Shore Railway on March 31, 1868, and on February 11, 1869 the Lake Shore absorbed the Cleveland and Toledo. On April 6 the Michigan Southern and Northern Indiana Railroad and Lake Shore merged to form the Lake Shore and Michigan Southern Railway, which absorbed the Buffalo and Erie Railroad on June 22, giving one company the whole route from Buffalo to Chicago. The main route passed through Dunkirk, New York, Erie, Pennsylvania, Ashtabula, Ohio, Cleveland, Ohio, Toledo, Ohio, Waterloo, Indiana and South Bend, Indiana.
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.