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Clearfield and Mahoning Railway Co. - 1930's-50's dated Railroad Stock Certificate

Inv# RS1056   Stock
State(s): New York
Pennsylvania
Years: 1930's-50's
Color: Green or Brown

Railroad Stock. Superb engraved vignette of steam locomotive at top right with elaborate Victorian title and borders. Franklin Banknote Co, NY. Nice!!! Available in Green or Brown. Please specify color.

R.J. Corman Railroad/Pennsylvania Lines (reporting mark RJCP) is a railroad in the R.J. Corman Railroad Group, operating a number of lines in central Pennsylvania. It primarily carries coal between mines and Norfolk Southern Railway connections at Cresson and Keating. The trackage was acquired from Conrail in 1996, when the latter company sold its "Clearfield Cluster"; Norfolk Southern acquired nearby Conrail lines in 1999. This is the longest R.J. Corman owned line, at over 300 miles in length.

Between Curwensville and Clearfield, Conrail operated via trackage rights over the Clearfield and Mahoning Railway (C&M), subsidiary of the Buffalo and Pittsburgh Railroad (B&P), which had acquired it from CSX Transportation. B&P operations were terminated in 1992, when the line west of Curwensville was abandoned, and Conrail acquired control of the C&M in a late 1992-early 1993 swap, where the B&P acquired an isolated Conrail line for operation as Bradford Industrial Rail. Conrail sold the C&M to Richard J. Corman, owner of RJCP, effective January 26, 1996, and it remains a non-operating subsidiary.

In May 2012, the Surface Transportation Board granted the railroad permission to reclaim 20 miles of track in Clarence, Pennsylvania abandoned by Conrail in 1990, 10 miles which had been converted into the Snow Shoe Rails to Trails. The decision was a major victory for both the company and the railroad industry in general, as there are few instances in the U.S. where an abandoned corridor-turned-rail trail has reverted to an active railroad. Read more at https://en.wikipedia.org/wiki/R.J._Corman_Railroad/Pennsylvania_Lines

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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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $29.50