Mobile and Ohio Railroad Co. - Railway Stock Certificate from Alabama, Mississippi, Tennessee & Kentucky
Inv# RS1251 Stock
Kentucky
Mississippi
Ohio
Tennessee
Railroad Stock. Train vignette in center. Please specify color. The Mobile and Ohio Railroad was a railroad in the Southern U.S. The M&O was chartered in January and February 1848 by the states of Alabama, Kentucky, Mississippi, and Tennessee. It was planned to span the distance between the seaport of Mobile, Alabama and the Ohio River near Cairo, Illinois. On September 13, 1940 it was merged with the Gulf, Mobile and Northern Railroad to form the Gulf, Mobile and Ohio Railroad.
At the end of 1925 M&O operated 1,161 miles (1,868 km) of road and 1,536 miles (2,472 km) of track; that year it reported 1785 million ton-miles of revenue freight and 49 million passenger-miles.
The Mobile and Ohio Railroad was conceived after hard times in Mobile following the Panic of 1837. The port was not generating the business that it had before the panic and businessmen and citizens in the city were inspired with a plan for a railroad to restore commerce to the city. The first section of track opened for service in 1852 between Mobile and Citronelle, Alabama and was constructed in 5 ft (1,524 mm) gauge. The line made it to Columbus, Kentucky on April 22, 1861, steamboats were then used to connect with the Illinois Central Railroad at Cairo. Read more at https://en.wikipedia.org/wiki/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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