Marion and McPherson Railroad Co. - Railway Stock Certificate - Branch Line of the Atchison Topeka Santa Fe Railway
Inv# AT64a Stock
Unissued Stock. The Marion & McPherson Railroad Company ran 78.77 miles between Florence and Lyons, Kansas. The Marion and McPherson Railroad was a short-line railroad in central Kansas. As early as 1875, city leaders of Marion held a meeting to consider a branch railroad from Florence to Marion. In 1878, the Marion and McPherson Railway Company was chartered. In 1879, a rail line was built from Florence to McPherson. In 1880, it was extended to Lyons, in 1881 it was extended to Ellinwood. In 1901, the line was leased and operated by the Atchison, Topeka and Santa Fe Railway, which used the name "Florence & Ellinwood Division" for it.
The line from Florence to Marion was abandoned in 1969. In 1992, the line from Marion to McPherson was sold to Central Kansas Railway. In 1993, after heavy flood damage, the line from Marion to McPherson was abandoned. In 2001, the railway from Lyons to 3 miles (5 kilometers) west of Conway was abandoned. In 2001, Kansas and Oklahoma Railroad (K&O) took over operations of Central Kansas Railway. Currently, the remaining parts of the former Marion and McPherson Railroad that still exists is:
- Ellinwood to Lyons,
- 3 mi (5 km) west of Conway to 3 mi (5 km) east of McPherson.
Read more at https://en.wikipedia.org/wiki/Marion_and_McPherson_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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