Ware River Railroad - 1940's dated Railway Stock Certificate
Inv# RS1258 Stock
Railroad Stock. Portrait of male in center. The Massachusetts Central Railroad (reporting mark MCER) is a short line railroad in western Massachusetts, United States. It was established in 1975 to provide railroad transportation services on portions of the Boston & Maine Wheelwright Branch in and around their trackage in Bondsville (a village of Palmer) and Ware, and later between Palmer and South Barre on the old Right of Way (ROW) of the Ware River Railroad.
The Ware River Railroad was an independent line that ran from Palmer to the Cheshire Railroad in Winchendon. It was built in 1868. The first section, from Palmer to Gilbertville, opened in 1870, and the rest three years later. Until 1873 it was leased to and operated by the New London Northern Railroad.
It was eventually taken over by the Boston and Albany Railroad and run as its Winchendon Branch. The B&A wanted to run the Ware River Line in conjunction with the Monadnock Railroad in order to gain access to the resort areas of Peterborough, New Hampshire. When the B&A failed to gain control of the Monadnock, the Ware River Line was not very profitable. Read more at https://en.wikipedia.org/wiki/Massachusetts_Central_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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