2,000 Shares of Jamestown and Franklin Railroad Co. - 1866 dated Stock Certificate
Inv# HD1060 Stock
2,000 shares Stock printed by Haven, Print. Pittsburgh with 25 cents revenue stamp on back.
The Jamestown and Franklin Railroad (J&F) was a shortline railroad which operated in the U.S. states of Ohio and Pennsylvania. Established in 1862, its main line ran from Jamestown, Pennsylvania, to Oil City, Pennsylvania. A branch line connected Jamestown with Ashtabula, Ohio. The railroad leased itself to the Lake Shore and Michigan Southern Railway in 1864 for 20 years. A 1909 consolidation with three other railroads created the Jamestown, Franklin and Clearfield Railroad, and ended the J&F's existence. Read more at https://en.wikipedia.org/wiki/Jamestown_and_Franklin_Railroad
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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