Manchester and Lawrence Railroad - 1900's dated Unissued Railway Stock Certificate - New Hampshire and Massachusetts
Inv# RS2581 Stock
Printer-Stewart, Warren & Co. Inc. Litho. NY. Rare! The Manchester & Lawrence Railroad was a railroad company that was chartered in New Hampshire, United States, by businessmen from Manchester, to build a rail line from that city to the Massachusetts state line.
The Manchester & Lawrence was chartered in 1847 & opened in November 1849. It leased the newly built Methuen Branch from the Boston & Maine Railroad, which opened in August 1849 & ran from South Lawrence through Methuen to the state line where the two lines met.
The B&M tried to lease the M&L, but the company leased itself to the Concord Railroad in 1850. This still helped the B&M as the railroad opened up a second Manchester to Boston route that helped the B&M compete w/ the combined Nashua & Lowell & Boston & Lowell Railroads. By 1887, the contract was terminated, & the B&M gained control of the line.
In the 20th century, the line was relegated to local freight. Passenger service on the line dropped to one round trip per day until 1953 when regular passenger service ended. Special summer trains ran to Rockingham Park in Salem for the horse races until 1960 when that service stopped. Read more at https://en.wikipedia.org/wiki/Manchester_and_Lawrence_Railroad
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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