Hooverhurst and South Western Railroad Co. - 1913 dated Pennsylvania Railway Stock Certificate
Inv# RS4623 Stock
Stock printed by the Nat'l Seal Works, Richmond, VA. This railroad was in operation from 1902 until 1913, after which it became part of the Beech Creek Extension Railroad until 1961. Subsequently, it was integrated into the New York Central Railroad. The New York Central Railroad (reporting mark NYC) primarily served the Great Lakes and Mid-Atlantic regions of the United States. It established connections between the greater New York area and Boston in the east, and Chicago and St. Louis in the Midwest, as well as several key cities including Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester, and Syracuse. The headquarters of the New York Central was located in the New York Central Building in New York City, next to its largest station, Grand Central Terminal.
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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