1,815 Shares of Little Falls and Dolgeville Railroad Co. - 1902 dated Stock Certificate
Inv# HD1069 Stock
1,815 shares Stock printed by Snyder & Black, N.Y.
This company was first incorporated in 1891 in New York State to build a road from Little Falls to Dolgeville. The LF&D purchased two locomotives: Number 1, built by Schenectady Locomotive Works in 1892, Order Number 3807, a 4-6-0 with 17x24 inch cylinders and 55 inch drivers. Number 2, also built by Schenectady Locomotive Works in 1895, Order Number 4336, a 4-4-0 with 17x24 inch cylinders and 61 inch drivers. Both locomotives became NYC&HR Class CX. The railroad was foreclosed (bankrupt) and reformed in 1902 and passed into NYC&HR control in 1906. In 1907, the Dolgeville & Salisbury Railroad Co. was formed by the Salisbury Iron & Steel Co. This road was built from Dolgeville to Irondale, 3.89 miles, and was operated by the LF&D. This later became part of the LF&D. In 1910 and 1912 respectively, two NYC&HR Class Ec 2-6-0's, numbers 1658 and 1688, became LF&D numbers 3 and 4. By 1899 this road had four passenger cars, two box cars and four flat cars.The LF&D was consolidated into the NYC&HR on April 16, 1913. The NYC&HR assumed the arrangement to purchase the Dolgeville & Salisbury Railroad. Here's a brief history of the LF&D by Lucinda M. Parker... 1890: Surveys for the the LF&D rr. First Corporation floats bonds 1892: December 14th, The line opens between Little Falls & Dolgeville. August 9 first train to Crum Creek. December 14, first train to Dolgeville. 1902: Salisbury Steel and Iron formed; mines open 1906: July; NYC&HRR purchases line. December, construction begins on Salisbury extension. 1908: April; Salisbury extension opens 1909: Concentration plant at at Irondale opened July 4th. 1910: May, First wreck on Salisbury Extension. 1913: Name changed to Dolgeville Branch, NYC & HRRR. General Manager Switzer of the Irondale operation dies, Irondale closes down. 1914 - The Jerseyfield Lumber Co. builds a logging railroad at Salisbury Center. 1917 - NYC takes complete control of branch, integrating operations.. 1921: Brooklyn Cooperage and Jerseyfield Lumber close down. 1925: Passenger service to Salisbury Center discontinued. 1933 - April 30, passenger service on entire line ceases. 1938: West Virginia Pulp and Paper moved in 1945: West Virginia Pulp and Paper pulls out, Salisbury Extension retired. 1959 - April 30, Dolgeville freight station closed. 1964 - July 10, last train to Dolgeville. July 16, train orders listed line closed.
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.
Ebay ID: labarre_galleries