Southern Iowa Railway Company Stock Certificate

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Seller: stocklobster (12,954) 100%, Location: Cold Spring, New York, Ships to: Worldwide, Item: 113414549438 Southern Iowa Railway CompanyStock Certificate The Southern Iowa Railway traces its ancestry from the Albia Centerville interurban, believed to be the oldest in Iowa. It was incorporated as the Centerville, Moravia and Albia Railroad by Francis M. Drake, a former Iowa governor and founder of Drake University, and Russell Sage of New York. The road was built as a branch of the Missouri, Iowa and Northern of the Wabash system in 1880. The Wabash operated trains between St. Louis and Des Moines over the two roads to Centerville and Albia until 1885 when it went into receivership. In 1880, the railroad was reorganized as the Albia Centerville Railway, leased to the Iowa Central which was later controlled by the M&StL and operated from Oskaloosa via Albia to Centerville until 1910. That year, W. A. Boland of New York and J. L. Sawyers of Centerville, dissatisfied with the M&StL service, reorganized the road, changing the name to the Southern Traction Company. Although the name implied electric-powered equipment, it ran by steam. In 1914, Frank S. Payne and D . D . Bradley of the Centerville Light and Traction Company purchased the road and changed the name to the Centerville, Albia and Southern Railway, electrifying it shortly thereafter. By utilizing the street car tracks in both towns, the 30-mile interurban reached the depots of the CB&Q at Albia and the CRI&P at Centerville. Freight revenues came from coal and package traffic, interchanged with the M&StL at Albia, the Wabash at Moravia and the CMStP at Trask. In 1916, the Centerville Light and Traction Company changed its name to the Iowa Southern Utilities Company and the railroad was conveyed to the utility firm. It became the Southern Iowa Railway Company in 1941. All certificates are sold only as collectible pieces, as they are either canceled or obsolete. All pieces sold are originals - no reproductions! Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive. When a representative image is presented in one of our listings, you will receive a certificate in similar condition; however dating, denomination, certificate number and issuance details may vary. We offer flat rate shipping - whether you order 1 certificate or 100 - you pay only the published flat rate. To take advantage of our flat rate shipping offer, you must add all of the pieces you would like to your eBay cart and perform a single checkout. If you use "Buy It Now" for each individual certificate, you will be charged a shipping charge each time - this is an unfortunate limitation of the eBay system. Insights Exclusive
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