Coney Island and Gravesend Railway - Stock Certificate

Inv# RS2317 Stock

State(s): New York

Years: 1890's - 1900's

Printed by Homer Lee Bank Note Co-NY. Great Title! Nice!!! Rare!!! The Coney Island and Gravesend Railway, a Brooklyn Rapid Transit Company subsidiary, bought a majority of Coney Island & Brooklyn stock in 1913 or 1914; it remained part of the Brooklyn Rapid Transit (Brooklyn-Manhattan Transit Corporation after 1923) system until the Brooklyn-Manhattan Transit was purchased by the City of New York in 1940. In 1955, the former CI&B's Coney Island Avenue Line was the third to last Brooklyn streetcar line to be converted to bus operation and the fourth to last in the State of New York. The Coney Island Avenue Line continues to operate today as the B68 bus of the New York City Transit Authority, tracing most of the same route it has run for nearly a century-and-a-half. Also available unissued at a lesser price. Please inquire if interested.

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.

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