Baltimore & Ohio Railroad issued to and signed by Charles W. Harkness - Stock CertificateInv# AG1146
Charles William Harkness (1860-1916), Lawyer, A.B., Yale, and Columbia Law School. Law practice in New York City 1890’s, Director of the Southern Pacific Co. C.M.&St. P. Railway, B & O Railroad. He was also a director of Standard Oil of N.J. Attractive B & O Railroad Stock dated 1901 issued to Harkness and nicely signed at back. Excellent Condition. Rare!
The Baltimore and Ohio Railroad (reporting marks B&O, BO) was the first common carrier railroad and the oldest railroad in the United States, with its first section opening in 1830. It came into being mostly because the city of Baltimore wanted to compete with the newly constructed Erie Canal (which served New York City) and another canal being proposed by Pennsylvania, which would have connected Philadelphia and Pittsburgh. At first this railroad was located entirely in the state of Maryland, with an original line built from the port of Baltimore west to Sandy Hook.
At this point to continue westward, it had to cross into Virginia (now West Virginia) over the Potomac River, adjacent to the confluence of the Potomac and Shenandoah rivers. From there it passed through Virginia from Harpers Ferry to a point just west of the junction of Patterson Creek and the North Branch Potomac River, where it crossed back into Maryland to reach Cumberland. From there it was extended to the Ohio River at Wheeling and a few years later also to Parkersburg, West Virginia. It continued to construct lines into Ohio, including a junction at Portsmouth. In later years, B&O advertising carried the motto: "Linking 13 Great States with the Nation."
As part of a series of mergers, the B&O is now part of the CSX Transportation (CSX) network. The B&O also included the Leiper Railroad, the first permanent horse-drawn railroad in the U.S. At the end of 1970, the B&O operated 5,552 miles of road and 10,449 miles of track, not including the Staten Island Rapid Transit (SIRT) or the Reading and its subsidiaries. It includes the oldest operational railroad bridge in the United States.
When CSX established the B&O Railroad Museum as a separate entity from the corporation, it donated some of the former B&O Mount Clare Shops in Baltimore, including the Mt. Clare roundhouse, to the museum, while selling the rest of the property. The B&O Warehouse at the Camden Yards rail junction in Baltimore now dominates the view over the right-field wall at the Baltimore Orioles' current home, Oriole Park at Camden Yards. Part of the B&O Railroad's immortality has come from being one of the four featured railroads on the U.S. version of the board game Monopoly. It is the only railroad on the board that did not directly serve Atlantic City, New Jersey. (Wikipedia)
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.