Central Ohio Rail Road Co. Stock Certificate -Zanesville Ohio 1869

Description

Central Ohio Rail Road Company Stock Certificate No. 1211
issued
August 18,
1869
to
Brown Lancaster & Co.
for
50
shares at
Zanesville, Ohio
. Document has very nice vignette of train with wood burning locomotive leaving city with arched viaduct in background. A second vignette on the left side reveals a farmer with scythe in hand, water driven mill and train going over arched viaduct in background. A third small vignette in the bottom center shows two maidens sitting next to a reflection of water and fields. Shares covered by this certificate were transferred May 28,1870. A very nice Revenue Stamp is attached to the front of the certificate. Certificate has been folded but is otherwise in good condition.
Central Ohio Railroad Co.
This company was organized and incorporated by an Act of the Ohio Legislature on February
8, 1847 as Central Ohio Railroad Company to build a railroad from Columbus through Newark and Zanesville to the Ohio River at Bellaire, Ohio near Wheeling , West Virginia. Additional amendatory acts were passed granting additional rights on March 8, 1849 and again on March 20, 1851.
Before the road was completed the company became insolvent and the road was sold under foreclosure proceedings and reorganized.
The road
was then operated by The
Baltimore and Ohio Railroad Company
.
On August 31, 1864 while the road was in the hands of a receiver with the consent of the court, the receiver and company entered into a contract for the sale of the undivided half of the road between Columbus and Newark, thirty-three miles, to the
Steubenville and Indiana Railroad Company.
A double track was
built between Columbus and Newark, so that both companies, the
Baltimore and Ohio
and the S&IR RR Co successor
Pittsburg, Cincinnati, Chicago and St. Louis
were amply accommodated.
On December 1, 1866 the company as reorganized entered into an agreement with The
Baltimore and Ohio Railroad Company
for the use and occupation of the road for a term of years, the time subject to extension on certain conditions.
On February 9, 1869
Central Ohio Company
leased the
Sandusky, Mansfield and Newark Railroad
with a guarantee of
The
Baltimore and Ohio Railroad Company
, which was a party to the contract
On January 3, 1890
Central Ohio Railroad Company
leased the
Columbus and Cincinnati Midland Railroad
for ninety-nine (99) years, renewable forever. The lease assigned to the
Baltimore and Ohio Railroad Company
. The result of these several leases gave to the
Central Ohio Railroad Company
, operated by the
Baltimore and Ohio Railroad Company
, the following lines of road
1)
Central Ohio Main line
- 137 Miles
2)
Newark to Sandusky
-
116 Miles
3)
Col. to Midland
-
71.2 Miles
Total
324.2 Miles
On the 29th of February, 1896, in the case of the Mercantile Trust Company against the
Baltimore and Ohio Railroad Company
in the Circuit Court of the United States for the District of Maryland, John K. Cowan and Oscar G. Murray were appointed receivers of that company, and in auxiliary proceedings in the Circuit Court of the United States for the Northern and Southern Districts of Ohio, the same receivers were appointed for the property leased in Ohio. Immediately after the appointment of the receivers they notified the directors of the company they would not operate the road under the terms of the lease. In the meantime, under the plan of reorganization of the
Baltimore and Ohio Company
, a proposition was made to the stockholders of the
Central Ohio Railway Company
to pay them for their stock seven dollars and fifty cents in cash and the balance of the face of the stock in preferred stock of the
Baltimore and Ohio Railroad Company
. This proposition was accepted, and
the property is operated by the
Baltimore and Ohio
practically under the ownership of the stock of the
Central Ohio Company
.