The Madison Hotel Company stock certificate 1880's (Madison, Indiana)
Affordable hotel piece with a great engraved vignette of the seal of Indiana (running buffalo) flanked by farming and railroad scenes. Unissued and not cancelled. Circa 1889 from issued examples. Printed 188_ on the certificate.
Incorporated in 1848, The Madison Hotel Company operated a large lodge to support the growing town of Madison, Indiana. The company later reorganized and built a large hotel in the late 1880's. During depression it was sold to the La Salle-Madison Hotel company, which in turn was controlled by the Central Life Assurance society of Des Moines, lA.