Michigan Southern and Northern Indiana Railroad Co. Issued to Clark, Dodge and Co. and Signed by Henry Keep - 1863 dated Railway Stock CertificateInv# AG1337B Stock
Henry Keep (1818-1869) was a financier, born in Jefferson county, New York, in 1818; died in New York City, 30 July, 1869. After suffering many hardships through poverty, he worked his way to Honeoye Falls. Near Rochester, New York, he was employed as a teamster, and, having saved a small sum of money, invested it during the financial crisis of 1837 in depreciated currency, which, upon its subsequent rise, yielded him a handsome profit. He then bought Canadian banknotes at a discount from residents of the American frontier, and cashed them at par in Canada. In this way he amassed sufficient capital to establish a bank at Watertown, New York, and afterward founded several other country banks. He then removed to New York and became largely interested in railroads and railroad stocks. In 1861-63 he was treasurer of the Michigan Southern railroad, and for six months of 1866 was president of the New York Central Railroad. From June 1868, until the time of his death, he was president of the Chicago and Northwestern, controlling manager of the North Indiana, and president of the Cleveland and Toledo railroad. Henry became known as "William the Silent" because of his uncanny secrecy surrounding his investments. Read more at https://en.wikipedia.org/wiki/Henry_Keep_(businessman)
On July 8, 1853, the Ohio and Indiana companies merged, and on February 7, 1855, the Northern Indiana and Chicago Railroad and the Buffalo and Mississippi Railroad were merged into the Northern Indiana Railroad. On April 25, 1855, that company in turn merged with the Michigan Southern Rail Road to form the Michigan Southern and Northern Indiana Railroad. In October 1867, the Cleveland, Painesville and Ashtabula Railroad leased the Cleveland and Toledo Railroad. The CP&A changed its name to the Lake Shore Railway on March 31, 1868, and on February 11, 1869, the Lake Shore absorbed the Cleveland and Toledo. On April 6 the Michigan Southern and Northern Indiana Railroad and Lake Shore merged to form the Lake Shore and Michigan Southern Railway, which absorbed the Buffalo and Erie Railroad on June 22, giving one company the whole route from Buffalo to Chicago. The main route passed through Dunkirk; Erie; Ashtabula, Ohio; Cleveland; Toledo; Waterloo, Indiana; and South Bend. An alternate route (the Sandusky Division) in Ohio ran north of the main line between Elyria and Millbury (not all track was laid until 1872). From Toledo to Elkhart, the Old Road ran to the north, through southern Michigan, and the through route was called the Air Line Division or Northern Indiana Air Line. Along with various branches that had been acquired (see below), the Monroe Branch ran east from Adrian, Michigan, to Monroe, where it intersected the leased Detroit, Monroe and Toledo Railroad. At some point the original line to Toledo was abandoned west of the branch to Jackson, Michigan (Palmyra and Jacksonburgh Railroad), with the new connection at Lenawee Junction, the crossing between that branch and the line to Monroe. Read more at https://en.wikipedia.org/wiki/Lake_Shore_and_Michigan_Southern_Railway
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.