Spokane and Seattle Railway Co. - 1890's dated Unissued Railroad Stock Certificate
Inv# NP1062 Stock
Unissued Stock. The Seattle, Lake Shore and Eastern Railway (SLS&E) was a railroad founded in Seattle, Washington, on April 28, 1885, with three tiers of purposes: Build and run the initial line to the town of Ballard, bring immediate results and returns to investors; exploit resources east in the valleys, foothills, Cascade Range, and Eastern Washington in 19th-century style, attracting more venture capital; and boost a link to a transcontinental railroad for Seattle, the ultimate prize for incorporation. The historical accomplishment of the line was Seattle to Sumas at the border, with British Columbia, Canada, connecting with the Canadian Pacific transcontinental at the border at Huntingdon, British Columbia, now part of the City of Abbotsford.
The company entered receivership on July 1, 1893, and continued to operate. The company was sold on May 16, 1896, and the assets split between two companies. The Spokane and Seattle Railway acquired the eastern line between Spokane and Davenport, while the Seattle and International Railway acquired the western lines around Seattle. 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.
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