Elmira and Williamsport Railroad - Stock Certificate
Inv# RS2025 Stock
Pennsylvania
1940-50’s, Pennsylvania and NY, Preferred Stock. Neatly stamp and hole cancelled. Great vignette! Scarce! Excellent Condition.
The Elmira and Williamsport Railroad (earlier Williamsport and Elmira Railroad) is a historic railroad that operated in Pennsylvania.
The W&E was organized in 1832 and ran between Williamsport, Pennsylvania and Elmira, New York. It was reorganized as the E&W in 1860, and operated its own property until 1863.
The railroad originally ran north from Williamsport along Lycoming Creek as far as the village of Ralston, and was only extended beyond it to Elmira in 1854.
In 1863 the line was leased by the Northern Central Railway, and in 1910 the line was leased by the Pennsylvania Railroad. The line continued to operate until 1972, when it was destroyed by flooding from Hurricane Agnes.
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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