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new 2,000 Shares of Pennsylvania and North Western Railroad Co. - 1892 dated Stock Certificate

Inv# HD1073   Stock
New Item!
State(s): Pennsylvania
Years: 1892

2,000 shares Stock printed by Stephen, Greene, Lith, Phila.

The North Western Railroad was a shortline railroad located in the western part of the U.S. state of Pennsylvania in the United States. It organized in 1853, and was purchased by the Western Pennsylvania Railroad in 1859 after completing only a portion of its route. The North Western Railroad was chartered by the state of Pennsylvania on February 9, 1853, and authorized to construct a rail line from a point at or west of Johnstown, Pennsylvania. The eastern terminus was to connect either with the Pennsylvania Railroad or the Allegheny Portage Railroad. The charter directed the railroad to pass through the towns of Freeport and Butler and proceed to the Pennsylvania-Ohio state boundary somewhere within Lawrence County, Pennsylvania. The charter permitted each county through which the railroad passed to purchase stock worth up to 10 percent of the assessed value of the railroad. Butler and Lawrence counties both did so. Later in 1853, the Pennsylvania General Assembly enacted legislation amending the railroad's charter, permitting the city of Philadelphia to purchase up to 15,000 shares of the railroad. In return, the city was to be given three seats on the railroad's board of directors. The city also made its purchase. Another $800,000 ($29,300,000 in 2023 dollars) in bonds were sold to finance construction. Read more at https://en.wikipedia.org/wiki/North_Western_Railroad

Condition: Excellent

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: $209.00