Saint Paul & Duluth Railroad Company Issued to and signed by R.S. HayesInv# AG2126 Stock
Stock issued to and signed by R.S. Hayes on front as president and on the back.
Richard Somers Hayes (1846-1905), formerly first vice-president of the Wabash St. Louis & Pacific and afterward president of the St. Paul & Duluth died at his home in New York City on March 3 at the age of 58 years. Mr. Hayes was born at Philadelphia, Pa., on October 12, 1846, and entered railway service in 1867 as assistant engineer on the Erie Railroad. He was appointed chief engineer and general manager of the Texas & New Orleans in the spring of 1870, and in the fall of 1872 was made chief of construction of the Texas Improvement Company, building the Texas & Pacific. One year later he became chief engineer of the Texas & Pacific, and in the spring of 1874 was appointed cheif engineer of the International & Great Northern. He was advanced to the position of vice-president and general manager of the latter road in 1878. Upon the reorganization of the company in the fall of 1879 he was chosen president and in June, 1881 was elected vice-president of the Missouri Pacific, Missouri Kansas & Texas, Texas & Pacific and St. Louis Iron Mountain & Southern roads, comprising the Gould Southwestern system. He was elected first vice-president of the Wabash St. Louis & Pacific in April, 1883, and on July 27, 1888, became president of the St. Paul & Duluth.
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.