Name: Chicago & South Western Railway Company
Brand: Ghosts of Wall Street
SKU: 405bl
Price: 20.0 USD
Availability: InStock

Chicago & South Western Railway Company Stock Certificate

Chicago & South Western Railway Company Stock Certificate (Revenue Stamp)

Color

Blue

Green

Price

Only 1 available!
Inventory on the way

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Product Details

Company	Chicago & South Western Railway Company
Certificate Type	Capital Stock
Date Issued	Unissued, circa 1800's
Canceled	Yes
Printer	American Bank Note Company
Signatures	NA
Notable
Approximate Measurements	10 1/4" (w) by 7" (h)
Product Images	Representative of the piece you will receive
Guaranteed Authentic	Yes

Tags

Historical Context

The Platte City & Fort Des Moines Railroad Company was created for the purpose of constructing and operating a railroad to commence at a point on the Missouri river opposite or nearly opposite the city of Leavenworth, Kansas, and run thence north-easterly to a point on the state line between Missouri and Iowa in the direction of Fort Des Moines. The name of the company was afterwards lawfully changed to the Leavenworth & Des Moines Railway Company, and later to the Chicago & Southwestern Railway Company. Such changes, however, were merely of name.

This company was also authorized by law to build a branch road from some point on the main line to a point on the north line of Missouri, in the direction of Ottumwa, Iowa. On the 12th of May, 1869, a corporation was duly formed under the general laws of Iowa, and called the Chicago & Southwestern Railway Company in Iowa, for the purpose of building and operating a railroad from Washington in Iowa, south-westerly, to meet the road of said Chicago & Southwestern Railway Company, chartered in Missouri, at the state line between Iowa and Missouri. The capital stock of this Iowa corporation was fixed in the articles of incorporation at $3,000,000, and it was provided in said articles 'that in the event of the consolidation of this corporation with the Chicago & Southwestern Railway in Missouri, the company in which the two companies may be consolidated shall have the power to subject the said corporation to such amount of indebtedness or liability as the board of directors may deem necessary, not exceeding, however, six million of dollars.'

On the 25th of September, 1869, these two companies adopted articles of consolidation, and became one company, under the name of the Chicago & South Western Railway Company, for the purpose of building a railroad from some point on the Washington branch of the Chicago, Rock Island & Pacific Railroad, in the state of Iowa, to the Missouri river, in the state of Missouri, at a point on the Missouri river opposite or nearly opposite the city of Leavenworth, in the state of Kansas. In the proceedings which resulted in this act of consolidation the county of Leavenworth, as one of the stockholders in the Chicago & Southwestern Railway Company of Missouri, was represented by its duly-appointed agent, who gave his assent to the consolidation. On the 1st of October, 1869, six days after this consolidation, the new company entered into a contract with the Chicago, Rock Island & Pacific Railroad Company, whereby it agreed to issue its bonds in the amount of $5,000,000, payable 30 years after date, bearing interest at the rate of 7 percent per annum, for which coupons were to be attached to the bonds, the whole to be secured by a mortgage on its entire line of road to the Missouri River.

The line was eventually consolidated into the Rock Island system in 1880.

Additional Information

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

FAQ

Are the certificates offered on your site genuine or reproductions?

All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

No. All of the pieces we sell are either canceled or obsolete and have collectible value only.

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.

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Can I return my purchase?

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.