Seattle, Lake Shore and Eastern Railway Co. - Circa 1887-1896 Unissued Railroad Stock Certificate - Branch Line of the Northern Pacific Railroad
Inv# NP1013A Stock
Unissued Stock printed by Franklin Bank Note Co., New York. Incorporated 1885, operated between Seattle & Spokane. After bankruptcy was taken over by the reorganized Northern Pacific RR in 1898. Available in Olive, Green or Brown. Please specify color.
The Seattle, Lake Shore and Eastern Railway (SLS&E) was established in Seattle, Washington, on April 28, 1885, with three primary objectives: to construct and operate the initial railway line to Ballard, thereby providing immediate benefits and returns to investors; to harness resources in the valleys, foothills, and Cascade Range of Eastern Washington, thereby attracting additional venture capital; and to establish a connection to a transcontinental railroad, which was seen as a significant advantage for Seattle's incorporation. A notable achievement of the railway was the route from Seattle to Sumas at the Canadian border, linking with the Canadian Pacific transcontinental railway at Huntingdon, British Columbia, now part of Abbotsford.
In addition to this key accomplishment, the SLS&E developed and operated branches extending from Seattle through Bothell to Woodinville, reaching Sallal Prairie (just beyond North Bend); Salmon Bay, the industrial area of Ballard; and from Spokane to Davenport. One of the objectives towards the latter part of its operation was to establish a rail link to North Dakota via Wallula, a strategic outpost on the Columbia River during the early railroad expansion, located near the present-day Tri-Cities. Local historian William Speidel noted that Henry Villard, a prominent figure in the Northern Pacific Railway, possessed the federal rights and oversaw the construction of the line through Wallula. Initially, the SLS&E was incorporated to create a railway from the Seattle harbor in the old Downtown area, along Elliott Bay, to the lumber and fishing community of Ballard. Following its abandonment in 1971, a segment of the railway's right-of-way was repurposed in 1978 as the Burke-Gilman Trail.
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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