CINCINNATI, HAMILTON & DAYTON RAILROAD Stock 1884. OH Issued to Procter & Gamble

Description

Cincinnati, Hamilton & Dayton Railroad Company. Guaranteed Trust Certificate. Issued on April 8, 1884 at Cincinnati, Ohio.
Incorporated in the State of Ohio. Certificate
No. 902
was issued to
Procter & Gamble
for
20 shares of capital stock (0 per share)
. Company capital was
,000,000
. Hand signed by company
trustee S. P. Bishop
and secretary F. A. Short. Certificate is about 8” x 10.5”. Black print on vellum paper.
Vignette of train in country.
Construction of the Cincinnati, Hamilton, and Dayton Railroad began in the Miami River Valley in 1846. The railway was completed in 1851 and officially began operation connecting Cincinnati and Hamilton, Ohio. Soon, the railroad stretched onward to Dayton. The line originally ran a total of 59 miles. The construction of the railroad attracted German and Irish migrants who were looking for work. After the railroad was completed, these immigrants stayed in the region and found work in the factories that began to emerge near the railroad and the Miami and Erie Canal. The Cincinnati, Hamilton, and Dayton’s original purpose was as a commuter line. Professionals and businessman saw the railroad as a way to connect to other cities to conduct business. A number of new communities were built along the rail line, and wealthy people moved out of the city of Cincinnati to live in these communities. Eventually the railroad connected to Toledo and Detroit to the north.
The Cincinnati, Hamilton, and Dayton Railway Company, who owned and operated the Cincinnati, Hamilton, and Dayton, began to acquire more railroad lines throughout the next 40 years. Beginning in 1863, it operated the Dayton & Michigan Railroad. Joining the Atlantic and Great Western Railroad in 1865 gave commuters access to New York and other eastern points. The Ohio and Mississippi Railroad became part of the Cincinnati, Hamilton, and Dayton Railroad linking Cincinnati and St. Louis and western points through Indiana and Illinois. Eventually the Cincinnati, Hamilton, and Dayton operated additional lines connecting to Indianapolis, Chicago, Richmond, Ironton, Louisville, and Decatur. By the end of the nineteenth century, the company controlled over 640 miles of track. There were 34 locomotives, 30 passenger cars, and 437 freight cars. The railway included parlors, cafe-coaches, dining cars, baggage, and mail cars. Construction supplies as well as agricultural and petroleum products were transported in freight cars. In 1904, the railroad was not able to handle the volume of passenger and freight business. With this came financial challenges, and the Baltimore & Ohio Railroad agreed to purchase the line in 1909.
Condition:  Very Fine++
, two light vertical folds, no creasing, no tears, light signs of wear/handling/toning (see photos),
pen and punch cancelled.
Printer:
Francis & Loutrel, New York City.
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