White Water Railroad Stock issued to/signed twice by Elijah Smith - 1880's dated Autograph Railway Stock Certificate
Inv# AG1141 StockThe Whitewater River formed a natural trade route for Native Americans and for early settlers. In 1836 the new state of Indiana approved funds to build the Whitewater Canal, following the river from Lawrenceburg, Indiana, all the way to Hagerstown, Indiana, 76 miles (122 km). It was opened to Connersville, Indiana, in 1845. While improving trade for the area, it suffered from alternate droughts and floods, which carried away aqueducts and embankments. It was so damaged by floods in the later 1850s that residents petitioned the state to sell the right of way for a railroad. Read more at https://en.wikipedia.org/wiki/Whitewater_Valley_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.
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