Collectible Stocks and Bonds from North American Railroads
by Terry Cox

Indiana

Became territory: May 7, 1800
Became state: December 11, 1816

Relatively speaking, there are an abundant number of certificates to collect from Indiana. Almost 700 companies are known to have incorporated in, or operated in, the state. Over a third of those companies are represented by stocks and bonds. Nonetheless, the Indiana state seal is quite rare on certificates.

I do not have a good sampling or early Indiana "seals," so please help fill out this record. The seal shown is the first official seal, that dates from only 1963! However, it is known in the same essential form from railroad certificates back to the 1870s. The primary elements include a bison running toward the left while a woodsmen chops a tree at tight. Beyond, the sun appears behind rolling hills.

Number of Varieties of collectible certificates
(counting all companies that operated within the state)
Moderate number (500 to 1000 varieties)
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