Missoula and Hamilton Railway Co. - circa 1910's Unissued Montana Railroad Stock Certificate
Inv# NP1036 StockUnissued Stock printed by J. W. Middleton & Company. Branch Line of the Northern Pacific Railroad. Missoula and Hamilton Railway was a branch line of the Northern Pacific Railroad System. The M&H operated in the state of Montana from 1911 to 1916. To extend the line, the railroad conveyed its surveys and right of way for a proposed line to the Northern Pacific Line. Unfortunately, no rail line was constructed over the proposed line until after the railroad was sold to NP Railroad on Nov. 1, 1916.
The Northern Pacific was a corporation of the State of Wisconsin, having its principal office in St. Paul, Minnesota. The NP’s original name was incorporated as the Superior and St. Croix Railroad Company, which was later changed to the Northern Pacific Railway Company. The NP System operated a trans-continental route from St. Paul and Duluth, Minnesota, and Superior, Wisconsin, to North Pacific Coast points including Spokane, Tacoma, and Seattle, Washington & Portland, Oregon.
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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