Baltimore and Ohio Railroad Co. - Monopoly Game Board Railroad - 1899-1901 dated Railway Stock CertificateInv# RS1005A Stock
Baltimore and Ohio Railroad Locomotive Stock. Train in circle top left. Very elaborate Victorian borders. Becoming scarce. Popular. The prettiest of B & O stocks. Available in Red, Green or Orange. Please specify color.
The Baltimore and Ohio Railroad (reporting mark BO) was the first common carrier railroad and the oldest railroad in the United States, with its first section opening in 1830. Merchants from Baltimore, which had benefited to some extent from the construction of the National Road early in the century, wanted to do business with settlers crossing the Appalachian Mountains. The railroad faced competition from several existing and proposed enterprises, including the Albany-Schenectady Turnpike, built in 1797, the Erie Canal, which opened in 1825, and the Chesapeake and Ohio Canal. At first, the B&O was located entirely in the state of Maryland; its original line extending from the port of Baltimore west to Sandy Hook, Maryland, opened in 1834. There it connected with Harper's Ferry, first by boat, then by the Wager Bridge, across the Potomac River into Virginia, and also with the navigable Shenandoah River. In 1895 the B&O introduced electric locomotives over 3.75 mi (6.04 km) of line near Camden, initially using an overhead electric slot system.
Following its emergence from bankruptcy, control of the B&O was acquired by the Pennsylvania Railroad in 1901, though the two kept separate corporate identities. A rising young PRR Vice President, Leonor F. Loree, was appointed president. Loree shared the Pennsy management's belief in infrastructure and the B&O at that time needed some of that. New classes of engines were built to haul longer, heavier trains faster. The Old Main Line was reworked, sections of the original right-of-way cut off by the straightening of curves and replacement of old, weight-restricted bridges with newer, heavier bridges. Most of Loree's work on the B&O physical plant remains evident today. Many iron and steel bridges on the railroad were replaced with stone (Pennsy preferred stone to the preference of the Reading and Lackawanna Railroad for concrete). With the adoption of anti-trust legislation in 1906, the relation between the two companies was severed. Read more at https://en.wikipedia.org/wiki/Baltimore_and_Ohio_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.