Fort Worth and Rio Grande Railway Co. - circa 1900\'s Unissued Texas Railroad Sto for Sale

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Fort Worth and Rio Grande Railway Co. - circa 1900\'s Unissued Texas Railroad Sto For Sale

$Fort Worth and Rio Grande Railway Co. - circa 1900\'s Unissued Texas Railroad Sto$
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Fort Worth and Rio Grande Railway Co. - circa 1900\'s Unissued Texas Railroad Sto:
$48.00

Stock printed by Franklin Bank Note Co., New York. The Fort Worth and Rio Grande Railway, chartered under the laws of Texas on June 1, 1885, was part of a plan conceived by Buckley Burton Paddock and other Fort Worth civic leaders to create a transcontinental route linking New York, Fort Worth, and the Pacific port of Topolobampo, which they believed would stimulate the growth and development of southwest Texas in general, and the economy of Fort Worth in particular. With financial backing from the Vanderbilt railroad syndicate, construction of the FW&RG began at Fort Worth in November, 1886, but proceeded slowly with many changes of route, reaching Granbury (40 miles [64km] away) a year later, Comanche in 1890, and Brownwood, 144 miles (232km) from Fort Worth, in 1891. In 1901, the Frisco Railroad got control of the FW&RG, which it operated as an independent subsidiary, extending the line to Brady in 1903 and on to Menard in 1911. The Frisco entered bankruptcy in 1913 and made no further extensions of the FW&RG, which in most years failed to make a net profit. Read more at Item ordered may not be exact piece shown. All original and authentic.