Lebanon Springs Rail Road Co. - Vermont, New York & New Jersey 1868 dated Railway Stock Certificate
Inv# RS2777
Stock
Stock printed by R.C. Root & Anthony, NY. with 25 cents Washington revenue stamp! Unusual Color!
The Lebanon Springs Railroad Company, chartered in 1852, consolidated with the Bennington & Rutland Railroad Company in 1870 to form the Harlem Extension Railroad Company, with Bennington to Chatham service. A succession of mergers and acquisitions involving the New York, Boston and Montreal Railroad Company, the New York, Rutland & Montreal RR, the Lebanon Springs RR and the Chatham & Lebanon Valley RR, ended in 1901 with the "Chatham Division" now part of the Rutland Railroad. The New York Central Company assumed control of the Rutland in 1904.
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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