Houston and Great Northern Railroad Co. of Texas - 1871-1874 dated Stock Certifi for Sale

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Houston and Great Northern Railroad Co. of Texas - 1871-1874 dated Stock Certifi For Sale

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Houston and Great Northern Railroad Co. of Texas - 1871-1874 dated Stock Certifi:
$29.00

Great Texas Stock with 25 cent revenue stamp. Some glue stain. Available unissued for $15. Please specify variety. The International " Great Northern Railroad (I&GN) was a railroad that operated in the U.S. state of Texas. It was created on September 30, 1873, when the International Railroad and the Houston and Great Northern Railroad merged. The railroad was officially incorporated as the International & Great Northern Railroad Company. Originally, the I&GN operated 177 miles (285km) of track from Hearne to Longview, but at its peak it owned 1,106 miles (1,780km) of track. As the railroad expanded southwestwards from Hearne, it reached Rockdale in 1874 and Austin on December 28, 1876. The line extended to San Antonio in 1880 and finally to the US-Mexican border town of Laredo on December 1, 1881. The I&GN, like other railroads of its time, had many financial troubles and went into receivership on several occasions. Jay Gould acquired control of the I&GN in December 1880. Due to his control of the Missouri Pacific (Mopac) and the Texas and Pacific Railroad, the three were operated as one system, although they each retained their separate corporate identities and seniority districts. Due to financial difficulties stemming in part from the Panic of 1907, the I-GN entered receivership in 1908 and was sold at foreclosure to a reorganized company, the International & Great Northern Railway Company on August 31, 1911. Less than four years later, the company entered receivership again, which lasted until it was sold at foreclosure in July 1922. The International"Great Northern Railroad was incorporated by the state of Texas on August 17, 1922, and fully took over operation of the International & Great Northern Railway on December 31, 1922. Item ordered may not be exact piece shown. All original and authentic.