[Stock Certificate:] Missouri River Fort Scott & Gulf Railroad Company, Incorporated under the Laws of The State of Kansas.
From the Cherokees… to the white settlers who squatted… to the Bostonians…
From the Cherokees to the Bostonians… Twenty shares issued in 1872, a few months after the railroad opened its tracks from Kansas City to Olathe. The Missouri River, Fort Scott & Gulf Railroad Company was formed in 1868, having first been incorporated in 1865 as the Kansas & Neosho Valley Railroad which proposed to construct a railroad from the Neosho Valley of Eastern Kansas to the Gulf of Mexico. Signed by company officers R.S. Watson, Transfer Agent.
“Bonds were issued for the project and by the spring of 1866, work commenced in Kansas City and grading and bridging was completed to Olathe, Kansas. That same year, a treaty was made with the Cherokee to cede the Cherokee Neutral Lands to the United States. The land, located in Crawford, Cherokee and Bourbon Counties, was then to be sold for the benefit of the Indians. However, this created a number of disputes between white settlers who had ‘squatted’ on the land and those that were trying to buy property. During this time the directors of the Kansas & Neosho Valley Railroad were unable to obtain the needed property to build through the Cherokee Neutral Lands. However, the property was obtained by a Boston group represented by a man named James F. Joy, president of the Chicago, Burlington, and Quincy Railroad system in August, 1868. The previously issued bonds were then withdrawn and given over to Joy and his group, who obtained the railroad. The name was then changed to the Missouri River, Fort Scott & Gulf Railroad Company in August, 1868, and subsequently to the Kansas City, Fort Scott & Gulf Railroad Company.”¹
Description: [Stock Certificate:] Missouri River Fort Scott & Gulf Railroad Company, Incorporated under the Laws of The State of Kansas.
New York: Lith. of Henry Seibert & Bros., 93 Fulton St., [ca. 1872]. Partly-Printed Stock Certificate; Number 501 for 20 Shares at $100 each. Approx. 6½ x 10 inches. Engraved illustration vignette and decorative borders. Overprinted in orange with 25¢ U.S. Internal Revenue tax stamp. Blind embossed corporate seal. Signed by a company agent and official and issued at Boston, Massachusetts on March 16, 1872 to Henry Ledyard. Folds, printed slightly off-center; left edge trimmed. Very Good.
Note. 1. Railroad Companies in Kansas accessed online. See Cutler, History of the State of Kansas (Chicago, 1883), p247. IB100