Bradshaw Mountain Railroad Co. signed by Edward Berwind - 1901 dated Autograph Railway Stock Certificate
Inv# AG1384 Stock
Stock issued to and signed on verso and attached statement by Edward Berwind (1848-1936). Founder of the Berwind-White Coal Mining Company. Considered to be one of the world's largest individual owners of coal properties, Berwind worked closely with J.P. Morgan in the consolidation, organization, integration and expansion of his large coal operation.
The Bradshaw Mountain Railroad was built to serve the mines of Arizona's Bradshaw Mountains. These mines proved unproductive though, and the line served only as a paper railroad subsidiary of the Santa Fe, Prescott and Phoenix Railway.
Edward Julius Berwind (June 17, 1848 – August 18, 1936) was the founder of the Berwind-White Coal Mining Company. He was head of the company from 1886 until 1930. Berwind and Peter A. B. Widener established the New York subway system. Berwind, along with Widener, was a director of International Mercantile Marine Company which owned the White Star Line and, subsequently, the RMS Titanic. Berwind controlled the steamship business in New York and Philadelphia and supplied much of the coal used by the ships of the US Navy. After his brother's death in 1890, Edward became sole manager of the company. Read more at https://en.wikipedia.org/wiki/Edward_Julius_Berwind
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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