Tidewater Southern Railway

1912 Stock Certificate

The Tidewater Southern Railway issued $5 million worth of stock in 1912.  The 4,750,000 shares common and 250,000 shares preferred were sold for $1.00 each.  This certificate for 1000 shares common was issued on April 2, 1915 to B. J. Snyder.  The T&S had made much of its goal of being a "People's Railroad", not controlled by large syndicates or "East Coast Bankers".  In 1917, the WP would begin buying most of the stock, but, probably due to the  number of small investors, did not acquire all of it.  Even into the 1960's, the WP only owned about 94% of the TS.

Eugene John Vicknair collection

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