Dexter and Piscataquis Railroad Co. - Railway Stock Certificate
Inv# RS5391 Stock
Stock certificate #3.
Maine Central Railroad constructed a Foxcroft Branch in two stages after completing its main line from Portland to Bangor. The Dexter and Newport Railroad was completed in 1868 northward from Newport Junction on the Maine Central main line to Dexter. The completed railroad was leased by the Maine Central the following year. An extension northward from Dexter to Foxcroft on the Piscataquis River was completed in 1889 as the Dexter and Piscataquis Railroad. The branch became a major pulpwood loading point through the 1970s; but was abandoned in 1990.
Railway mileposts
- Milepost 0: Newport Junction on the Maine Central main line
- Milepost 2.0: Camp Benson
- Milepost 7.0: Corinna agent's station
- Milepost 9.5: Lincoln's Mills
- Milepost 11.6: Moody's
- Milepost 15.3: Dexter agent's station
- Milepost 17.9: Lily Pond
- Milepost 20.0: Silver's Mills agent's station
- Milepost 22.5: West Dover
- Milepost 24.2: Starbird's
- Milepost 24.8: Sand Hills
- Milepost 29.5: Dover and Foxcroft agent's station
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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