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Richmond and Danville Railroad Co. - circa 1880's Unissued Railway Stock Certificate

Inv# RS4590   Stock
State(s): Mississippi
Virginia
Years: 188-
Color: Green and Black

Unissued Stock printed by American Bank Note Company, New York. Great color and vignettes! The Richmond and Danville Railroad (R&D) Company functioned as an independent railroad from 1847 until 1894, initially within the state of Virginia and subsequently expanding to encompass 3,300 miles (5,300 km) of track across nine states. Established on March 9, 1847, the railroad completed its 140-mile (230 km) route connecting Richmond and Danville by 1856. During the American Civil War, it served as a crucial transportation link between Richmond, the Confederate capital, and other regions of the Confederacy. Following the war, the railroad expanded significantly, ultimately forming the extensive 3,300-mile Richmond and Danville Railroad Company System.

In 1892, the Richmond and Danville Railroad Company entered receivership and was sold in 1894, subsequently becoming part of the newly formed Southern Railway Company (which later evolved into the Norfolk Southern Railway) in 1896 and 1897. The revitalized Richmond and Danville Railroad was promoted by Whitmell P. Tunstall, a lawyer from Chatham, Virginia, who also served in the Virginia General Assembly. Tunstall successfully obtained a charter for the new railroad on March 9, 1847. In that same year, the state of Virginia acquired a 60% stake in the company's capital stock, maintaining this interest until 1871.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $34.00