page_title: Jura–Simplon Railways
section_title: History
hierarchical_section_title: Jura–Simplon Railways / History
caption_attribution_description: English: Bond of the Compagnie des Chemins de Fer Jura-Simplon, issued 17. October 1894 Deutsch: Obligation über 500 Franken der Chemins de Fer Jura-Simplon vom 17. Oktober 1894
context_page_description: The Jura–Simplon Railways, was a railway company that was formed in 1890. It was nationalised in 1903 as the largest railway company in Switzerland and integrated into the Swiss Federal Railways.
context_section_description: The Jura–Simplon Railways was a railway company, which was formed from the 1890 merger of the two most important western Swiss railway companies, the Jura–Bern–Lucerne Railway (JBL), including the Gümligen–Lucerne line belonging to the canton of Bern, and the Western Swiss Railways (Chemins de fer de la Suisse Occidentale; SOS). The Federal Government also participated in the merger by means of a voluntary share purchase. The Pont–Vallorbe Railway (Chemin de fer Pont–Vallorbe), operated by the SOS, was purchased on 1 January 1891.
  The share capital of the new company was formed of Swiss francs (CHF) 52 million of preferred stock and CHF 34 million of common stock. The preferred shares comprised 38 million existing JBL shares and 14 million SOS shares. The nominal value of an SOS ordinary share was reduced from CHF 500 to 200 and the amount of CHF 52.4 million exempted from the stock reconstruction was applied to depreciation. The Swiss government was given the right to repurchase the JS.
caption: Bond of the Compagnie des Chemins de Fer Jura-Simplon, issued 17 October 1894
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