This is an original early twentieth-century stock certificate issued by the Missouri, Kansas and Texas Railway Company, commonly known as the Katy Railroad.
The certificate represents one hundred shares of capital stock and is dated June 1904, with later transfer endorsements recorded the same month, reflecting its active circulation as a financial instrument during the height of American railroad expansion.
The certificate is printed on pale green security paper and enclosed within an ornate engraved border composed of repeating clover and geometric motifs. A large vignette at upper right depicts a steam locomotive positioned beside a substantial rail facility, emphasizing freight handling and industrial scale. Decorative shields display the share value and certificate number, while bold engraved lettering presents the company name with flourished typography. Inked signatures, manuscript annotations, serial numbering, and punch cancellations appear across the face.
The verso contains printed transfer language with handwritten assignments, dates, signatures, and additional punch cancellations documenting reassignment and administrative handling.
Historical Context
By the early twentieth century, the Missouri, Kansas and Texas Railway was a major transportation artery linking the Midwest with Texas and the Southwest, playing a crucial role in agricultural shipment, industrial supply, and regional commerce. Issued during a period of economic confidence and industrial growth, this certificate illustrates the central role railroads played in shaping national markets and regional development as well as the economic support they relied upon from the general public.