Set of 5 Northern Pacific Railroad Stock Certificates - 5 Different Colors - Fantastic HistoryInv# NP1000 Stock
Stocks bearing the engraved portrait of Frederick Billings, the certificates of the Northern Pacific Railroad provide a wonderful example of the art of intaglio printing in the 19th century done by the National Bank Note Company. Set of 5 different colors!
The Northern Pacific Railway (reporting mark NP) was a transcontinental railroad that operated across the northern tier of the western United States, from Minnesota to the Pacific Northwest. It was approved by Congress in 1864 and given nearly forty million acres (62,000 sq mi; 160,000 km2) of land grants, which it used to raise money in Europe for construction.
Construction began in 1870 and the main line opened all the way from the Great Lakes to the Pacific when former President Ulysses S. Grant drove in the final "golden spike" in western Montana on September 8, 1883. The railroad had about 6,800 miles (10,900 km) of track and served a large area, including extensive trackage in the states of Idaho, Minnesota, Montana, North Dakota, Oregon, Washington, and Wisconsin. In addition, the NP had an international branch to Winnipeg, Manitoba, Canada. The main activities were shipping wheat and other farm products, cattle, timber, and minerals; bringing in consumer goods, transporting passengers; and selling land. Read more at https://en.wikipedia.org/wiki/Northern_Pacific_Railway
Frederick H. Billings (September 27, 1823 – September 30, 1890) was an American lawyer, financier, and politician. He is best known for his legal work on land claims during the early years of California's statehood and his presidency of the Northern Pacific Railway from 1879 to 1881.
A native of Royalton, Vermont, Billings graduated from the University of Vermont in 1844, became an attorney, and moved to California during the 1848 California Gold Rush. He took part in the creation of a prominent law firm that handled land title cases, which were an important issue because California had been under the jurisdiction of several governments. He also took part in several business ventures that proved successful, and he was a millionaire by the age of 30. At the start of the American Civil War, Billings worked diligently to keep California from seceding. Read more at https://en.wikipedia.org/wiki/Frederick_H._Billings
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.