Concord and Portsmouth Railroad - 1944 dated New Hampshire Railway Stock Certificate
Inv# RS5187A Stock
Stock. The Portsmouth and Concord Railroad, later known as the Concord and Portsmouth Railroad, operated in New Hampshire (United States) from 1845 to 1945. In 1845, New Hampshire had three north-south routes starting in Massachusetts, leading to Concord, southeastern New Hampshire to Maine via Dover, and along the coast to Maine via Portsmouth. However, there was a significant gap between the Boston-Concord line and the Boston & Maine line through Dover.
In response, two railway companies were established in July 1845: the Portsmouth, New Market and Concord Railroad, and the Portsmouth, New Market and Exeter Railroad. Both were given the concession to build and operate a rail line from Portsmouth to a point on the Concord Railroad between Manchester and Concord called Bow Junction. On December 23, 1845, the companies merged to form the Portsmouth and Concord Railroad. On July 10, 1846, the railroad was granted a license for a branch line from Hooksett to Suncook, and on June 23, 1848, a license for a branch line from Manchester to Candia.
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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