Louisiana and Missouri River Rail Road Co. - 1879 Railway Stock Certificate - Extremely Rare
Inv# RS5331 Stock
Missouri
Stock printed by Western B.N. & Engraving Co., Chicago. Rare! Archival repair. Operated from 1859 until 1949. Successor was the Gulf, Mobile and Ohio Railroad. The Gulf, Mobile and Ohio (reporting mark GMO) was a Class I railroad in the central United States whose primary routes extended from Mobile, Alabama, and New Orleans, Louisiana, to St. Louis and Kansas City, Missouri, as well as Chicago, Illinois. From its two parallel lines through eastern Mississippi, the GM&O also served Montgomery and Birmingham, Alabama, as well as Memphis, Tennessee.
The Gulf, Mobile and Northern Railroad was created as the reorganization of the New Orleans, Mobile and Chicago Railroad in 1917. The GM&O was incorporated in 1938 to merge the Gulf, Mobile and Northern Railroad and the Mobile and Ohio Railroad, which was accomplished in 1940. The GM&O later bought and merged the Alton Railroad in 1947. Isaac B. Tigrett, a native of Jackson, Tennessee, was president of the GM&N from 1920 and of the GM&O from 1938 to 1952, and oversaw the development of the road from a nearly bankrupt operation into a thriving success. He was the great-uncle of Hard Rock Cafe founder Isaac Tigrett, also a native of Jackson. Read more at https://en.wikipedia.org/wiki/Gulf,_Mobile_and_Ohio_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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