Lehigh Dock Co. of Superior City, Wisconsin - Shipping Stock Certificate - Subsidiary of the Northern Pacific RailwayInv# NP1014 Stock
Unissued Shipping Stock. A dock facilities management company which operated from 1886-1889 as a subsidiary company of the Northern Pacific RR.
Superior is a city in, and the county seat of, Douglas County in the U.S. state of Wisconsin. The population was 26,751 at the 2020 census. Located at the junction of U.S. Highway 2 and U.S. Highway 53, it is immediately north of, and adjacent to, both the Village of Superior and the Town of Superior. Its neighborhoods include Billings Park, North End, South Superior, Central Park, East End, Allouez, and Itasca. Billings Park, South Superior, East End, and North End each have small business districts. The first log cabin in Superior was erected in September 1853 on the banks of the Nemadji River, at the same time that ground was broken for construction of the locks and ship canal at Sault Ste. Marie, Michigan. This was intended to allow ships to bypass the rapids at that site. Superior was incorporated as a city on March 25, 1889. Around the same time Superior became the seat of newly formed Douglas County. Immediately there was eagerness for a railroad from Lake Superior to the Pacific Coast, and investment flowed in, but then the Panic of 1857 hit, investment slowed, and the population of the new city collapsed from 2500 to 500.
25 years later the Northern Pacific Railway and other rail lines finally arrived, fulfilling the dream of a rail and water highway from coast to coast. In 1883 General John H. Hammond formed the Land and River Improvement Company, which developed much of West Superior, including the West Superior Iron and Steel plant. Numerous grain, coal and lumber businesses formed in the same period. In the Boom Period from 1888 to 1892, Land and River Improvement and others built impressive architect-designed business blocks on Tower Avenue, seeing Superior as the "new Chicago." Many of the investors were from out East, so the buildings received names like the New Jersey Block and the Maryland Block. By 1892, population was 34,000. Then the Panic of 1893 hit, and development slowed again. Read more at https://en.wikipedia.org/wiki/Superior,_Wisconsin
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.