Northern Pacific Railroad Company issued to and signed by C.B. WrightInv# AG2175 Stock
Stock issued to and signed by C.B. Wright on back.
Wright was born in Bradford County, Pennsylvania. He started in business at 15, and at 19 was taken as a partner by his employer. In 1843 he received from the Towanda Bank a trust of landed interests in the then small town of Chicago, and in two years he not only fulfilled this mission successfully, but realized handsome profits in Chicago real estate for himself. In 1863 he engaged actively in developing the petroleum interests of Pennsylvania.
In 1870, as director and afterward as president, he undertook the work of pushing the Northern Pacific Railroad to completion. After the road had been built to the Missouri River, and eastward from the Pacific Ocean about 100 miles, Jay Cooke and Co., the fiscal agents, failed during the Panic of 1873, and the completed parts were not paying expenses. Wright afterward assisted in the reorganization by which the road was completed to Puget Sound.
In 1873 he took an active part in founding the city of Tacoma, Washington. There he endowed the Annie Wright Seminary for girls (named for his daughter), and Washington College for boys, and was noted for his generosity to young men.
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.