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Lake Shore Railway Co. signed by H.B. Payne and J.H. Devereux - Railroad Stock Certificate

Inv# AG1381A   Stock
Lake Shore Railway Co. signed by H.B. Payne and J.H. Devereux - Railroad Stock Certificate
State(s): Ohio
Years: 1869

Stock printed by American Bank Note-NY. H.B. Payne signs on back and Devereux signs as President. Rare!

Henry B. Payne (November 30, 1810 – September 9, 1896) was an American politician from Ohio. Moving to Ohio from his native New York in 1833, he quickly established himself in law and business while becoming a local leader in Democratic politics. After serving in the Ohio Senate, Payne was elected to a single term in the United States House of Representatives in 1874. In the House, he worked unsuccessfully for a compromise in the debate over whether all of the nation's currency should be backed by gold. He was defeated for reelection, but served on the Electoral Commission that convened in early 1877 to resolve the dispute over the results of the 1876 presidential election. He ran for the Democratic presidential nomination in 1880, but lost to Winfield Scott Hancock, who would go on to lose the general election to James A. Garfield. He was elected to the United States Senate in 1884. His election by the Ohio legislature was tainted with charges of bribery, but after investigation by the Senate, Payne was permitted to keep his seat. In the Senate, he voted for moderate tariff reforms and against the Interstate Commerce Act of 1887, but was otherwise a reliable Democratic vote. He did not run for reelection, and died in 1896.

John Henry Devereux was a railroad manager, born in Boston, Massachusetts, 5 April 1832 ; died in Cleveland, Ohio, 17 March 1886. He was educated in the Portsmouth. N, H., academy, and in 1848 went to Cleveland, Ohio, where he served as construction engineer on several railroads. He removed to Tennessee in 1852, and became prominent in railroad affairs there. At the beginning of the civil war he offered his services to the government, and aided the Union cause as superintendent of military railroads in Virginia. He resigned in 1864, and returned to Cleveland, where he became one of the foremost railroad men in the west. He was chosen president of the Cleveland, Columbus, Cincinnati, and Indianapolis railroad in June 1873, of the Atlantic and Great Western in 1874, and of the Indianapolis and St. Louis in 1880, being receiver of the last-named road from Nay till September 1882. In 1877 General Devereux, by his personal courage, prevented 800 of his men from joining in the railroad riots. He was prominent in the councils of the Protestant Episcopal Church. Read more at http://famousamericans.net/johnhenrydevereux/

The Cleveland, Painesville and Ashtabula Railroad (CP&A), also known informally as the Cleveland and Erie Railroad, the Cleveland and Buffalo Railroad, and the Lake Shore Railroad, was a railway which ran from Cleveland, Ohio, to the Ohio-Pennsylvania border. Founded in 1848, the line opened in 1852. The railroad completed the rail link between Buffalo, New York, and Chicago, Illinois.

One of the most profitable railroad lines in the United States in the 1860s, the CP&A was renamed the Lake Shore Railway in 1868. It merged with the Michigan Southern and Northern Indiana Railroad in 1869 to form the Lake Shore and Michigan Southern Railroad. The CP&A engaged in a two-year wave of consolidations after the Civil War which led to the founding of the Lake Shore and Southern Michigan Railroad. The first of these occurred on October 8, 1867, when the CP&A leased the Cleveland and Toledo Railroad.

The CP&A changed its name to the Lake Shore Railway on June 17, 1868, and on February 11, 1869, the Cleveland and Toledo merged into the Lake Shore Railway. On April 6, 1869, the Michigan Southern and Northern Indiana Railroad and the Lake Shore Railway merged to form the Lake Shore and Michigan Southern Railway (LS&MS). This was followed on August 1, 1869, by the merger of the Buffalo and Erie Railroad into the LS&MS. The merger placed the line from Chicago to Buffalo under the control of a single company for the first time. The LS&MS adopted the standard gauge of 4 ft 8+12 in (1,435 mm) over the entire length of its road between 1877 and 1879. Read more at https://en.wikipedia.org/wiki/Cleveland,_Painesville_and_Ashtabula_Railroad_(1848%E2%80%931869)

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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.
Price: $220.00