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Penn Yan and New York Railway Co. - circa 1880's Unissued Railroad Stock Certificate

Inv# RS4629   Stock
State(s): New York
Years: 1885

"Penn Yan and New York Railway Company, it eventually became part of the New York Central System. Railway men called it the Corkscrew Railway" because of its countless twists and turns." From https://railroad.net/nyc-roundhouse-at-penn-yan-ny-t76419.html#google_vignette

This railroad operated from 1877 to 1885. It then became part of the Syracuse, Geneva and Corning Railway. The Syracuse, Geneva and Corning Railway was founded in 1875 and commenced operations on December 10, 1877. For a period of 20 years starting in 1881, the railway was leased and managed by the Fall Brook Coal Company. On October 1, 1885, it merged with the Penn Yan and New York Railroad Company, retaining its name, which was subsequently leased to the New York Central and Hudson River Railroad Company in 1899. In 1909, it merged with the Geneva, Corning and Southern Railroad, and again in 1914, it became part of the New York Central Railroad (NYCRR).

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $45.00