Niagara Falls Branch Railroad Co. transferred to Frederick W. Vanderbilt - 1889 and 1891 dated Stock Certificate
Inv# AG1569 Stock
Stock transferred to Frederick W. Vanderbilt. Also, a list of stockholders and the number of shares each holds. Not signed. Portrait and biography of Vanderbilt included.
Frederick W Vanderbilt (1856-1938). The seventh of eight children born to William Henry Vanderbilt and the grandson of Cornelius Vanderbilt, founder of the New York Central Railroad. At age 22, he had been installed on the board of directors of the New York Central Railroad, one of several positions he would hold for much of his life. Frederick attended the Sheffield Scientific School at Yale University, graduating in 1878. The same year, he married Louise Anthony Torrance, an act that caused consternation within his family — and society as a whole — because Louise was 12 years older and recently divorced from Frederick’s first cousin.
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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