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Kalamazoo and White Pigeon Rail Road Co. signed by J. H. Wade, J. Newell and A. H. Smith - Autographed Stock Certificate

Inv# AG2507   Stock
State(s): Michigan
Years: 1891

Stock signed by J. H. Wade at stub. Alfred Holland Smith and John Newell also signs.

Jeptha Homer Wade (August 11, 1811 – August 9, 1890) was an American industrialist, philanthropist, and one of the founding members of Western Union Telegraph. Wade was born in Romulus, New York, the youngest of nine children of Jeptha and Sarah (Allen) Wade. He made the first Daguerreotypes west of New York, was a portrait painter, and moved to Adrian, Michigan in 1840 before developing an interest in the telegraph.

Alfred Holland Smith (April 26, 1863 – March 8, 1924) was the President of New York Central Railroad from January 1914 to May 1918 and from June 1919 until his death. The entirety of Smith's forty-five-year career was dedicated to the railroads. He started his career as a messenger boy at the age of fourteen, earning 4 dollars a week, and became the highest-paid railroad manager in the U.S., receiving an annual salary of more than $100,000 according to one survey.

John Newell was President Lake Shore & Michigan Southern Railroad, Illinois Central Railroad & Toledo & Cleveland Railroad. Town of Newell, Iowa named after my 2nd great grandfather, John Newell while he was President of Illinois Central Railroad.

The Kalamazoo and White Pigeon Railroad (K&WP) was a shortline railroad in the U.S. state of Michigan. The line ran from Lansing to Jonesville, then returned north from Jonesville to Albion and Eaton Rapids before closing the loop in Lansing. The NCMR had a short life as an independent company, becoming part of the Lake Shore and Michigan Southern Railway in 1871 and then consolidating with the New York Central Railroad in 1914.

On April 3, 1848, the state of Michigan enacted legislation chartering the St. Joseph Valley Railroad. Its charter permitted it to build a single or double track from St. Joseph, Michigan, southeast to Cassopolis, Michigan, and thence northeast, east, or southeast to any point in St. Joseph County, Michigan. The company had to commence work in five years, and finish its line within ten years, or forfeit its charter. The Michigan Southern Railroad was barred by its charter from constructing a line within 3 miles (4.8 km) from the Michigan-Indiana border. So the Michigan Southern purchased most of the stock of the St. Joseph Valley, which allowed that line to begin work. The St. Joseph Valley began work in White Pigeon, Michigan, and by 1852 had built a single-track line to Constantine, Michigan. It extended the line to Three Rivers, Michigan, in 1855. Having run out of money, the St. Joseph won an extension from the Michigan Legislature on March 15, 1861, giving it more time to finish the line to St. Joseph. It won a second deadline extension from the legislature on March 17, 1863. The entire line was standard gauge.

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.