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Connecticut and Passumpsic Rivers Railroad - 1920's-40's dated Connecticut Railway Stock Certificate

Inv# RS1068   Stock
Connecticut and Passumpsic Rivers Railroad - 1920's-40's dated Connecticut Railway Stock Certificate
State(s): Connecticut
Massachusetts
Years: 1920's-40's
Color: Gr

Railroad Stock. Exceptional 1880's-90's style stock. Great train vignette with very ornate title and borders with a Victorian look. Rare!!!

The Connecticut and Passumpsic Rivers Railroad (C&PRR) was a crucial 19th-century railway line chartered in Vermont to connect the southern and northern borders of the state. This connection facilitated trade between New England and Canada. Initially chartered in 1835 and rechartered in 1843, the company formally organized in 1846 under the leadership of president Erastus Fairbanks. The company planned to build along the vital Connecticut and Passumpsic river valleys. Construction commenced in earnest, reaching Wells River in 1848, and gradually advancing north to reach Derby Line by 1863. Its principal office was located in St. Johnsbury.

The railroad played a pivotal role in linking White River Junction, Vermont, to Montreal through its connection with the Massawippi Valley Railway. In 1870, the C&PRR chartered the Massawippi Valley Railway to reach Lennoxville, Quebec. By the late 19th century, the expanding line became part of the Boston and Maine Railroad network. In 1887, control of the C&PRR passed to the Boston and Maine Railroad through a lease agreement. The C&PRR had a significant impact on the economic development of eastern Vermont. It transformed agricultural commerce and fostered industrial growth in towns like Bradford and St. Johnsbury. Eventually, the C&PRR was integrated into the Canadian Pacific and Boston & Maine systems in the 20th century.

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $39.00