TENNESSEE COAL, IRON & RAILROAD Stock 1900 Tenn. & Alabama RR & Mining Inc. 1859

Description

Tennessee Coal, Iron and Railroad Company. Stock issued September 20, 1900 at Nashville, Tennessee. Incorporated in 1859 in the State of Tennessee
. Embossed company seal lower right with train in center. Revenue stamp on verso. Certificate
No. 13219
was issued to Homans & Co. for 10 shares of capital stock (0 per share). Company capital was
,000,000
. Hand signed by company president and secretary. Certificate is about 7.5” x 11.5”. Black print with brown overprint on cream-colored paper.
Vignettes with train at station (left), and mining scenes (center and right).
Tennessee Coal, Iron and Railroad Company, which operated from 1852–1952, also known as ‘TCI’ and the Tennessee Company, was a major American steel manufacturer with interests in coal and iron ore mining and railroad operations. Originally based entirely within Tennessee, it relocated most of its business to Alabama in the late nineteenth century. With a sizable real estate portfolio, the company owned several Birmingham satellite towns, including Ensley, Fairfield, Docena, Edgewater, and Bayview. At one time the second largest steel producer in the Unites States, TCI was listed on the first Dow Jones Industrial Average in 1896. In 1907, the company was merged with its principal rival, the United States Steel Corporation. The Tennessee Coal, Iron and Railroad Company was subsequently operated as a subsidiary of U.S. Steel for 45 years until it became a division of its parent company in 1952.
Condition:  Very Fine++
, light folds, minor creasing, no tears, minor signs of wear/handling/toning (see photos),
stamp and punch cancelled.
Printer:
American Bank Note Company, New York.
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