Mohawk and Hudson Rail-Road Co. - Very Early - 1839 dated Railway Stock Certificate - First Railroad in the State of New York
Inv# RS4582 Stock
Stock. Rare! The Mohawk & Hudson Railroad was the first railroad built in the state of New York and one of the first railroads in the United States. It was so-named because it linked the Mohawk River at Schenectady with the Hudson River at Albany. It was conceived as a means of allowing Erie Canal passengers to quickly bypass the circuitous Cohoes Falls via steam powered trains.
The railroad was incorporated on April 17, 1826, as the Mohawk & Hudson Company and opened for public service on August 9, 1831. On April 19, 1847, the company name was changed to the Albany & Schenectady Railroad. The railroad was consolidated into the New York Central Railroad on May 17, 1853. Read more at https://en.wikipedia.org/wiki/Albany_and_Schenectady_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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