Collectible Stocks and Bonds from North American Railroads
by Terry Cox

Delaware

One of original colonies
Became state: December 7, 1787

Some of the largest companies in the United States have incorporated in Delaware due to liberal incorporation laws. Certificates specifically labeled as "Delaware" incorporations are relatively common, with over 170 currently recorded. On the other hand, one would have an difficult time collecting a large number of railroad certificates from companies that actually operated within this small state.

Shield with sheaf of wheat and ear of maize above ox. Ship under full sail above. Farmer left, rifleman right. Banner below reads Liberty and Independence.

Number of Varieties of collectible certificates
(counting all companies that operated within the state)

Limited number (100-500 varieties)
Or go directly to these states to see more discussions and descriptions:

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