Carthage, Watertown & Sackets Harbor Railroad - Stock Transferred to William K. Vanderbilt - Railway Stock CertificateInv# AG1826 Stock
Stock Transferred to Wm. K. Vanderbilt. Portrait and biography included. The Carthage, Watertown and Sackets Harbor Railroad was incorporated in 1871 with the route itself opening for operation in 1875. It was built within the village of Sackets Harbor on the railbed of the former Sackets Harbor and Ellisburg Railroad. It was incorporated into the New York Central Railroad in 1893. It ceased operating in 1949. It went from Sackets Harbor eastward to join the Rome, Watertown and Ogdensburg Railroad at Watertown. Read more at https://en.wikipedia.org/wiki/Carthage,_Watertown_and_Sackets_Harbor_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.