Concord & Montreal Railroad Co. - 1900-20's dated Railway Stock Certificate
Inv# RS2070A Stock
Neatly manuscript or small hole cancelled. Nice vignette of steam train. Great Victorian style. Rare! Available in Green or Brown. Please specify color. Also available unissued at a lesser price. Please inquire if interested.
The Concord and Montreal Railroad was established in 1889 through the merger of the Boston, Concord and Montreal Railroad and the Concord Railroad. Prior to this merger, the Boston, Concord and Montreal had been designated as the Northern Division of the Boston and Lowell Railroad due to a leasing agreement made in 1884. Subsequently, in 1887, the Boston and Lowell Railroad was leased to the Boston and Maine Railroad, which resulted in the Boston, Concord and Montreal coming under the control of the Boston and Maine. The incorporation of the Concord and Montreal Railroad in 1889 allowed it to operate independently following its merger with the Concord Railroad. Nevertheless, in 1895, the railroad was acquired by the Boston and Maine.
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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