Mahoning Coal Rail Road Co. - 1873 dated Ohio Mining Railway Stock Certificate
Inv# MS3064 Stock
Stock printed by Major & Knapp Eng., Mfg., and Lith. Co., N.Y. Rare! Great Imprinted Revenue!
The Mahoning Coal Rail Road Co., established on February 25, 1871, aimed to connect the coal-rich Mahoning Valley in Ohio and Pennsylvania with the Lake Shore and Michigan Southern Railway (LS&MS). Based in Cleveland and backed by local investors, including the Tod family, the company constructed a 38-mile standard-gauge line from Youngstown to Andover, Ohio. This line was specifically designed to serve coal mines and iron works and officially opened in August 1873. To ensure a stable market for its coal, the railroad swiftly leased itself to the LS&MS in 1873, which was later acquired by the New York Central Railroad in 1914.
The Mahoning Coal Railroad became immensely profitable, often regarded as an “outstanding blue chip” during its time. It served as a crucial link between Pittsburgh-area coal fields and the Great Lakes, consistently paying exceptionally high dividends for over three decades. However, after the collapse of the Penn Central Railroad in 1970, which had assumed control of the line in 1968, the company faced a period of decline and abandonment. Consequently, the Mahoning Coal Railroad was formally dissolved on January 7, 1982, following the liquidation of its remaining assets.
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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