Buffalo, Cleveland and Chicago Railway Co. of Pennsylvania - circa 1880's Unissued Railroad Stock Certificate
Inv# RS1024 Stock
Unissued Railroad Stock. Train vignette at top center and figure of Columbia vignette on left side. Scarce!!!
The Buffalo, Cleveland and Chicago Railway (BC&C) was a proposed railroad in the United States during the late 19th century. The company was incorporated in the states of New York and Pennsylvania in January 1881 by three New York bankers: Clark, Post, and Martin. The railroad was intended to run parallel to William Vanderbilt's Lake Shore and Michigan Southern Railway, stretching from the east side of Cleveland to Buffalo, covering a distance of 185 miles (298 km). The route was surveyed in January and February 1881; however, before construction could commence, the BC&C was acquired by the Seney Syndicate in March 1881. Those surveys were subsequently utilized to build the Buffalo-Cleveland segment of the mainline for the New York, Chicago and St. Louis Railway Company, which later became known as the Nickel Plate Road.
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