New York Railways Corporation - 1927-1936 dated Railroad Stock Certificate
Inv# RS2697 Stock
Available in Olive, Orange or Red. Please specify color. Stock printed by American Bank Note Co. The New York Railways Corporation was a railway company that operated street railways in Manhattan, New York City, United States between 1925 and 1936. During 1935/1936 it converted its remaining lines to bus routes which were operated by the New York City Omnibus Corporation, and now operated by the Manhattan and Bronx Surface Transit Operating Authority. The organization was the successor to the New York Railways Company which was in receivership.
The New York Railways Corporation took over operations from the receivers of the New York Railways Company on May 1, 1925. A majority of stock was bought in August 1926 by the Fifth Avenue Coach Company which had been acquired by the newly formed The Omnibus Corporation the same year. It was reported at the time that the company had plans to abandon the lines and replace them with buses operated by the newly formed New York City Omnibus Corporation. Read more at https://en.wikipedia.org/wiki/New_York_Railways_Corporation
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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