John M. Forbes issued to Burlington and Missouri River Railroad Co. - Stock Certificate - Forbes Family
Inv# RS5426 Stock
Stock with 25 cents revenue stamp!
John Murray Forbes (February 23, 1813 – October 12, 1898) was an American railroad magnate, merchant, philanthropist and abolitionist. He was president of both the Michigan Central railroad and the Chicago, Burlington and Quincy Railroad in the 1850s. He kept doing business with Russell & Company.
Forbes was born on February 23, 1813, in Bordeaux, France. His father, Ralph Bennett Forbes, was a member of the Forbes family, descended from Scottish immigrants who attempted unsuccessfully to start a trade from Bordeaux. His mother, Margaret Perkins, was a member of the Boston Brahmin Perkins family merchant dynasty involved in the China trade. Among his siblings was older brother was Robert Bennet Forbes, sea captain and China merchant. His paternal uncle was John Murray Forbes, lawyer and diplomat, and his maternal uncle was merchant Thomas Handasyd Perkins. Among his cousins was the botanist Francis Blackwell Forbes. Read more at https://en.wikipedia.org/wiki/John_Murray_Forbes
The Burlington and Missouri River Railroad (B&MR) or sometimes (B&M) was an American railroad company incorporated in Iowa in 1852, with headquarters in Omaha, Nebraska. It was developed to build a railroad across the state of Iowa and began operations in 1856. It was acquired by the Chicago, Burlington and Quincy Railroad in 1872, and kept serving as its subsidiary. Read more at https://en.wikipedia.org/wiki/Burlington_and_Missouri_River_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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