Union Canal Co. of Pennsylvania - 1878 dated Canal Stock Certificate - Very Rare
Inv# CN1014A Stock
Stock. Rare! The Union Canal was a towpath canal that existed in southeastern Pennsylvania in the United States during the 19th century. First proposed in 1690 to connect Philadelphia with the Susquehanna River, it ran approximately 82 mi from Middletown on the Susquehanna below Harrisburg to Reading on the Schuylkill River.
Construction began in 1792 during George Washington's administration, but financial difficulties delayed its completion until 1828. Called the "Golden Link," it provided a critical early transportation route for shipping anthracite coal and lumber eastward to Philadelphia. Closed in the 1880s, remnants of the canal remain, most notably the Union Canal Tunnel, a hand-built engineering marvel that is the oldest existing transportation tunnel in the United States. The tunnel is a National Historic Landmark. Read more at https://en.wikipedia.org/wiki/Union_Canal_(Pennsylvania)
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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