Southern Kansas Railway Co. - 1889-96 dated Railroad Stock Certificate - Part of the Atchison, Topeka and Santa Fe Railway System
Inv# AT90 Stock
Stock for 50,592 shares issued to the Atchison, Topeka & Santa Fe Ry, Co.! Important! Very Rare!
The Southern Kansas Railway was formerly recognized as the Kansas City, Lawrence and Southern Kansas Railroad, which had undergone several name changes prior to its current designation. In 1858, a consortium of businessmen from Lawrence, Kansas, advocated for a railroad route extending to the Gulf of Mexico. Consequently, the Leavenworth, Lawrence & Fort Gibson Railroad Company was established through an act of the Kansas Territorial Legislature on February 12, 1858, aimed at linking Lawrence with the Neosho River to the south. However, the onset of the Civil War hindered their progress. The charter was subsequently revised by another legislative act, which was ratified on February 29, 1864, granting the company the authority to construct a railroad from Leavenworth to the southern border of Kansas. Senator James Lane served as the inaugural president of the Leavenworth, Lawrence & Fort Gibson Railroad. In 1865, he advocated for the line, encouraging communities along the route to support the issuance of construction bonds. Nevertheless, actual construction did not commence until the line was renamed the Leavenworth, Lawrence & Galveston Railroad on February 24, 1866. The management of the railroad shifted following Senator Lane's tragic suicide on July 11, 1866.
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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