Montana Railway Co. - 1892 dated Railroad Stock Certificate - Issued to Jay Gould - Branch Line of the Northern Pacific Railroad
Inv# NP1042
Stock
Stock for the Branch Line of the Northern Pacific Railroad. Butte is a consolidated city-county and the county seat of Silver Bow County, Montana, United States. In 1977, the city and county governments consolidated to form the sole entity of Butte-Silver Bow. The city covers 718 square miles (1,860 km2), and, according to the 2020 census, has a population of 34,494, making it Montana's fifth largest city. It is served by Bert Mooney Airport with airport code BTM. Established in 1864 as a mining camp in the northern Rocky Mountains on the Continental Divide, Butte experienced rapid development in the late-nineteenth century, and was Montana's first major industrial city. In its heyday between the late-nineteenth and early-twentieth centuries, it was one of the largest copper boomtowns in the American West. Employment opportunities in the mines attracted surges of Asian and European immigrants, particularly the Irish; as of 2017, Butte has the largest population of Irish Americans per capita of any city in the United States. Read more at https://en.wikipedia.org/wiki/Butte,_Montana
Charles Sanger Mellen (August 16, 1852 – November 17, 1927) was an American railroad man whose career culminated in the presidencies of the Northern Pacific Railway (1897-1903) and the New York, New Haven and Hartford Railroad (1903-1913). His goal, along with the New Haven's financier J. P. Morgan, was to consolidate, electrify and modernize all the main railroads of New England, so as to lower competition and produce higher profits. The result of his abrasive tactics alienated public opinion, led to high prices for acquisitions and costly construction; the accident rate soared when efforts were made to save on maintenance costs. Debt soared from $14 million in 1903 to $242 million in 1913, when it was hit by an antitrust lawsuit by the federal government on the charge of monopolizing New England's rail traffic. He was called, "The last of the railway czars." Read more at https://en.wikipedia.org/wiki/Charles_Sanger_Mellen
Daniel Scott Lamont (February 9, 1851 – July 23, 1905) was the United States Secretary of War during Grover Cleveland's second term. After his service as Secretary of War, Lamont was vice president of the Northern Pacific Railway Company from 1898 to 1904. He was also a director of numerous banks and corporations. In 1889, he went into business with William C. Whitney (Cleveland's Secretary of the Navy) and Oliver Hazard Payne (organizer of the American Tobacco trust). Read more at https://en.wikipedia.org/wiki/Daniel_S._Lamont
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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