Allegheny Valley Railroad Co. - 1855 dated Railway Stock Certificate - Some Staining and Paper Loss
Inv# RS2303
Stock
Early Stock printed by William Schuchman Lith., Pittsburgh. Four vignettes and most have 25 cents revenue stamp. Scarce! Some staining and paper loss.
The Allegheny Valley Railroad (reporting mark AVR) is a class III railroad that operates in Western Pennsylvania, and is owned by Carload Express, Inc. AVR acts as a feeder line connecting its many and varied customers to Class I railroads such as CSX Transportation (CSX) and Norfolk Southern Railway (NS), and regional lines such as the Buffalo and Pittsburgh Railroad (B&P) and the modern Wheeling and Lake Erie Railway (WE). The AVR's mainline travels northward through Pittsburgh from an intersection with Norfolk Southern near Panther Hollow, before splitting in the Lawrenceville neighborhood.
The AVR uses the P&W Subdivision segment of the line to cross the Allegheny River on the 33rd Street Railroad Bridge to interchange with the B&P in Bakerstown and/or Evans City. The other segment serves industries along the railroad's namesake valley between Pittsburgh and Arnold. The Glenwood B&O Railroad Bridge is utilized by it as part of its W&P Subdivision branchline from the city to Washington, Pennsylvania. A short spur line is the newest addition to the AVR's portfolio; it links the Allegheny Valley line with Sharpsburg via the Brilliant Branch Railroad Bridge. Before this section opened in 2003, the bridge and stretch of track had sat unused since 1976. Read more at https://en.wikipedia.org/wiki/Allegheny_Valley_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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