Geneva, Corning & Southern Railroad - PMG Graded - 1909 dated Railway Stock Certificate
Inv# RS2026A Stock
PMG Graded Stock, 63 EPQ Choice Uncirculated.
Edward Van Wyck Rossiter (1844–1910) was a prominent figure in American business during the late 19th and early 20th centuries. He is best known for his long and distinguished career with the New York Central Railroad Company. Born in St. Louis, Missouri, Rossiter rose through the ranks to become a vice-president and a high-level executive for the New York Central lines. During his tenure, he managed and oversaw the financial operations of one of the dominant railroad systems of the Gilded Age, a period of immense industrial growth and expansion in the United States.
Rossiter came from a respected family with deep roots in American history. He was a grandson of Mrs. Walter C. Allen and the late Mr. Allen, as well as the late Mrs. Alice Colgate Rossiter and the late Arthur W. Rossiter of Glen Cove, Long Island. While specific details about his daily contributions are often found in local histories and private papers, Rossiter’s legacy is tied to the corporate and logistical development of the American railroad network. His life reflects the era’s corporate environment, where individuals could achieve substantial professional success within major industrial enterprises, shaping the infrastructure of the burgeoning nation. Rossiter passed away in Flushing, New York, in December 1910, at the age of 66.
The Syracuse, Geneva, and Corning Railway, established in 1875, opened its road on December 10, 1877. Initially, the company was leased and operated by the Fall Brook Coal Company for 20 years, starting in 1881. On October 1, 1885, the company underwent a consolidation with the Penn Yan and New York Railroad Company, retaining its original name. In 1899, the Penn Yan and New York Railroad Company was leased to the New York Central and Hudson River Railroad Company. In 1909, the company merged with Geneva, Corning, and Southern Railroad, and in 1914, it merged with the New York Central Railroad (NYCRR).
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.
Ebay ID: labarre_galleries