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The Burlington, Cedar Rapids & Northern Railway (BCR&N) operated from 1876 to 1903, having been formed to take over the operations of the bankrupt Burlington, Cedar Rapids and Minnesota Railway, which was, in turn, the result of merging several predecessor lines. It had operations in Iowa and in Minnesota. It was succeeded by the Chicago, Rock Island & Pacific Railway. Surviving BCR&N lines are now primary owned and operated by the Union Pacific Railroad. For sale is a very rare unissued capital stock certificate from the 1870s. Shares were $100 each, and the total capital to be raised was $10 million. 1870s Burlington Cedar Rapids & Northern Railway - railroad stock certificate 1870s Burlington Cedar Rapids & Northern Railway - railroad stock certificate
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Description The Burlington, Cedar Rapids & Northern Railway (BCR&N) operated from 1876 to 1903, having been formed to take over the operations of the bankrupt Burlington, Cedar Rapids and Minnesota Railway, which was, in turn, the result of merging several predecessor lines. It had operations in Iowa and in Minnesota. It was succeeded by the Chicago, Rock Island & Pacific Railway. Surviving BCR&N lines are now primary owned and operated by the Union Pacific Railroad.
For sale is a very rare unissued capital stock certificate from the 1870s. Shares were $100 each, and the total capital to be raised was $10 million. The stock is interesting, in that it has two vignettes (see 2nd and 3rd images above). It measures appx 11 1/2 x 6 3/4 inches and is printed on typical stock/bond security paper. The railroad\'s stock record stub is attached to the stock (see second image).
It is in very good condition. There is no writing or marking, no folds, and no rips or tears. There is one pin-hole in the center, apparently from when the certificate was filed on a vertical needle file. The tip of the upper right corner is missing and shows some minor discoloration
A great collectible item for the Iowa or short-line railfan. Pictures sell!
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