Taylors Falls and Lake Superior Railroad Co. - Unissued Railway Stock CertificateInv# NP1031 Stock
Unissued Stock. The St. Paul and Duluth Railroad was reorganized from the Lake Superior and Mississippi Railroad in 1877. It was bought by the Northern Pacific in 1900. Known as the "Skally Line", it operated from Saint Paul to Duluth, Minnesota, with branches to Minneapolis, Taylors Falls, Kettle River, and Cloquet, in Minnesota, and Grantsburg and Superior in Wisconsin. The line was purchased by the Northern Pacific Railway, which was succeeded by the Burlington Northern and then the Burlington Northern Santa Fe. Most of the line became redundant with other lines after the Burlington Northern merger, as it paralleled another line of the Great Northern Railway. Most of the line therefore was abandoned and many segments were turned into rail trails.
The disposition of those segments is as follows:
- St. Paul, Minnesota to Maplewood, Minnesota - abandoned; now part of the Bruce Vento Regional Trail
- Maplewood, Minnesota to Hugo, Minnesota - now operated by the Minnesota Commercial Railway
- Hugo, Minnesota to North Branch, Minnesota - abandoned; now the Hardwood Creek Regional Trail and Sunrise Prairie Trail
- North Branch, Minnesota to Hinckley, Minnesota - now operated by the St. Croix Valley Railroad
- Hinckley, Minnesota to Duluth, Minnesota - abandoned; now the Willard Munger State Trail
Read more at https://en.wikipedia.org/wiki/St._Paul_and_Duluth_Railroad
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.