New York, Providence and Boston Railroad - 1880's dated Railway Stock Certificate
Inv# RS1143 Stock
Railroad Stock. Superb engraved vignette of steam train printed in brown. Engraved by American Bank Note Co, NY. Exceptional!!! The New York, Providence and Boston Railroad, normally called the Stonington Line, was a major part of the New York, New Haven and Hartford Railroad between New London, Connecticut and Providence, Rhode Island. It is now part of Amtrak's high-speed Northeast Corridor. Prior to the building of the NYP&B, travelers between New York City and Boston had to pass around Point Judith, Rhode Island and its rough waters to reach the Boston and Providence Railroad in Providence. The B&P was completed in 1835 and began operating the steamer Lexington between Providence and New York, adding the Massachusetts in 1836.
The New York and Stonington Railroad was chartered in Connecticut in May 1832 and the New York, Providence and Boston Railroad in Rhode Island in June of that year to fix the problem. On July 1, 1833 they consolidated to form a new New York, Providence and Boston Railroad. Ground was broken by the subsidiary Providence and Stonington Railroad at Stonington, Connecticut on August 14, 1833. On November 17, 1837 the line opened between Stonington and a pier at South Providence, about 1 mile downriver from the city center. At Stonington docks connected to steamboats to New York City through Long Island Sound, and later to the Long Island Rail Road at Greenport, New York, opened July 29, 1844. At Providence, a short car float across the Providence River led to the docks of the Boston and Providence Railroad at India Point in Providence, where travelers could continue on to Boston. Read more at https://en.wikipedia.org/wiki/New_York,_Providence_and_Boston_Railroad
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.
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