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William Seward Webb - St. Lawrence and Adirondack Railway - Stock Certificate

Inv# AG1063   Stock
William Seward Webb - St. Lawrence and Adirondack Railway - Stock Certificate
Country: Canada
State(s): New York
William Seward Webb (1851-1926), Capitalist, Railroad Executive, Author. President or Director of many railroads. Purchased 200,000 acres and converted it into a game preserve in the Adirondacks, served on staff of the Governor of Vermont with the rank of Colonel. Webb signs as President of this beautiful stock of the St. Lawrence & Adirondack Railway Co., State of NY & Dominion of Canada. Dated about 1900. His signature is lightly hole cancelled but decent. Excellent Condition.

The Adirondack and St. Lawrence Railroad operated between DeKalb Junction and Hermon in St. Lawrence County, New York over a four-mile standard gauge railroad. The Adirondack & St. Lawrence was owned by the St. Lawrence Pyrites Company and incorporated on April 19, 1906, and shortly thereafter the line was opened. A parallel railroad of the Clifton Iron Company, was abandoned in the early 1870s. Traffic was low and in 1925 the A.& St.L. line was abandoned and torn up. Still today the right-of-way can be observed near East DeKalb. In Hermon, the roadbed is now used by Water Street.

The timetable which took effect on September 26, 1909, included four trains Monday through Saturday and one train on Sundays. The trains usually made connections at DeKalb Junction to the Rome, Watertown and Ogdensburg Railroad. Sunday passenger traffic ended the following year and in 1912, one of the four trains was cancelled altogether. The February 1920 timetable provides only two trains.

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: $195.00