Little Rock, Mississippi River and Texas Railway Company
Little Rock, Mississippi River and Texas Railway Company
- In stock
- Inventory on the way
Product Details
Beautifully engraved antique stock certificate from the Little Rock, Mississippi River and Texas Railway Company dating back to the 1880's. This document, which is signed by the company President and Treasurer, was printed by the American Bank Note Company and measures approximately 10 1/2" (w) by 7" (h).
This certificate features a trio of vignettes - the Arkansas State Seal flanked by a cotton farming scene to the left and a train the right.
Scarce piece!
Images
You will receive the exact certificate pictured.
Historical Context
The Mississippi, Ouachita and Red River Railroad Company (MO&RR) was the first railroad to begin construction in Arkansas. Chartered in 1852 by John Dockery of Columbia County, the railroad began at Eunice (Chicot County), south of Arkansas City (Desha County), in 1854. At the onset of the Civil War, the railroad was incomplete, extending approximately seven miles south and west from the Mississippi River. Completion of construction and actual operation of the railroad did not occur until well after the Civil War. The road never made a profit and was merged with the Little Rock, Pine Bluff and New Orleans Railroad in 1873.
The new company was named the Texas, Mississippi, and Northwestern Railroad Corporation. The merger of the two railroads slowed but did not alleviate the financial distress. Following a lawsuit brought on behalf of bond holders for nonpayment, the Texas, Mississippi and Northwestern was ordered sold at foreclosure by the U.S. Circuit Court for the Eastern District of Arkansas. On December 16, 1874, the Texas, Mississippi and Northwestern was sold to Jay Gould’s interests and reorganized as the Little Rock, Mississippi River and Texas. What soon followed was an unusual legal maneuver on Gould’s part.
Gould sued to have the Little Rock, Mississippi River and Texas, which he owned, foreclosed. This was so that he could re-purchase the railroad free of any outstanding debts. Again, under orders of the U.S. Circuit Court for the Eastern District of Arkansas, the railroad was sold in foreclosure on January 28, 1887. Gould re-purchased the railroad and deeded it to the St. Louis, Iron Mountain and Southern Railway on February 1, 1887.
Ultimately, the railroad was completed no farther west than Warren, where it connected with the Warren and Ouachita Valley, a subsidiary of the Rock Island. The MO&RR operated approximately sixty miles of railroad beginning at Arkansas City, and the railroad ran through Trippe Junction (Desha County), Dermott (Chicot County), Collins (Drew County), and Monticello. The railroad was operated for a number of years as the Warren Subdivision of the Missouri Pacific Railroad. Though it no longer runs to Arkansas City, thirty-nine miles of the railroad remain in operation between Warren and Dermott, operated by the Arkansas Midland Railroad (AKMD).
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.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
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.
Shipping Information
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.
