St. Louis, Kansas City and Northern Railway Co. - Originally the North Missouri Railroad - Northern Pacific Archives
Inv# NP1122 Stock
Stock. Smaller size measures 7 3/4" x 4 1/2". The North Missouri Railroad was a railway enterprise that functioned in Missouri and Iowa during the mid-19th century. Established in 1851, it reached its zenith by owning or leasing nearly 500 miles (800 km) of railway track. In 1872, it was restructured as the St. Louis, Kansas City and Northern Railway, which later became a precursor to the Wabash Railroad.
The North Missouri Railroad faced bankruptcy in 1871 and was subsequently acquired by Morris Ketchum Jesup, who reorganized the company as the St. Louis, Kansas City and Northern Railway in 1872. At the time of this reorganization, the company possessed 353 miles (568 km) of track and had an additional 143 miles (230 km) under lease.
Morris Ketchum Jesup (June 21, 1830 – January 22, 1908) was a prominent American banker and philanthropist. He served as the president of the American Museum of Natural History and was recognized as a significant supporter of scientific research, as well as an esteemed art collector, particularly noted for his patronage of Frederic Edwin Church.
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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