Seattle and International Railway Co. - Northern Pacific Archive - Unissued Railroad Stock Certificate - Washington StateInv# NP1060 Stock
Unissued Stock printed by The King Press, NY.
Reorganized as the Seattle & International Railway in 1896 (incorporated June 30, 1896), the Seattle, Lake Shore and Eastern Railway (SLS&E) leased the portion of the locally-legendary Everett and Monte Cristo Railway that ran from Everett east to Snohomish. A 1.10-mile (1.77 km) spur, Ballard Junction to Ballard is mentioned. The Northern Pacific acquired control February, 1898, succeeded the Seattle & International in 1901. The Northern Pacific operated the SLS&E from 15 March 1892 to 1 July 1893, when it was purchased by a reorganized SLS&E as the Seattle & International Railroad and Spokane & Seattle Railroad, Seattle & International Railway chartered 30 June 1898.
The SLS&E was placed in receivership on June 26, 1893, and was sold in foreclosure on May 16, 1896. Speidel reported that Villard abruptly made a hostile takeover while the SLS&E was a going concern in 1890, in the midst of maneuvering among railroad business magnate Henry Villard of the Northern Pacific, James J. Hill of what became the Great Northern Railway, and the Seattle Establishment (1873–1900 and later). Seattle DOT (Department of Transportation) reports the SLS&E was absorbed by the NP in 1892. The lines in western Washington became the Seattle & International Railway Co., which was taken over by the Northern Pacific in 1901. Read more at https://en.wikipedia.org/wiki/Seattle,_Lake_Shore_and_Eastern_Railway
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.