Swan Creek Railway Co. of Toledo, Ohio - 1875-1884 dated Railroad Stock Certificate
Inv# RS4092 Stock
Stock printed by Chas. F. Ketcham, Stationer and Printer. Certificate #6! Rare! Also available unissued for $45. Please inquire if interested.
This rail line operated from 1875 to 1914 then became part of the New York Central Rail System. The New York Central Railroad (reporting mark NYC) was a major railroad that primarily operated in the Great Lakes and Mid-Atlantic regions of the United States. It connected greater New York and Boston in the east with Chicago and St. Louis in the Midwest, serving key cities such as Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester, and Syracuse. The railroad was headquartered in the New York Central Building, located next to its largest station, Grand Central Terminal.
Founded in 1853, the New York Central Railroad was created through the consolidation of several existing railroad companies. In 1968, it merged with its former rival, the Pennsylvania Railroad, to form Penn Central. However, Penn Central declared bankruptcy in 1970 and, with substantial support from the federal government, re-emerged as Conrail in 1976. In 1999, Conrail was dismantled, and parts of its system were transferred to CSX and Norfolk Southern Railway (NS), with CSX acquiring most of the eastern trackage and NS taking over the majority of the western trackage initially operated by NYC.
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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