6,000 shares of Geneva, Corning and Southern Railroad Co. - 1909 dated High Shares Railway Stock Certificate
Inv# HD1048 StockPennsylvania
6,000 shares Stock printed by International Bank Note Co., New York. On February 4, 1909, the Pine Creek was merged w/ other elements of the former Fall Brook system to form the Geneva, Corning & Southern Railroad, which in turn was merged into the New York Central on December 22, 1914.
The New York Central Railroad (reporting mark NYC) was a railroad primarily operating in the Great Lakes & Mid-Atlantic regions of the United States. The railroad primarily connected greater New York & Boston in the east w/ Chicago & St. Louis in the Midwest, along w/ the intermediate cities of Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester & Syracuse. New York Central was headquartered in New York City's New York Central Building, adjacent to its largest station, Grand Central Terminal.
The railroad was established in 1853, consolidating several existing railroad companies. In 1968, the NYC merged w/ its former rival, the Pennsylvania Railroad, to form Penn Central. Penn Central went into bankruptcy in 1970 &, w/ extensive Federal government support, emerged as Conrail in 1976. Conrail was broken-up in 1999, & portions of its system were transferred to CSX & Norfolk Southern Railway, w/ CSX acquiring most of the old New York Central trackage & Norfolk Southern acquiring most of the old Pennsylvania trackage. Read more at https://en.wikipedia.org/wiki/New_York_Central_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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