Erie-Lackawanna Railroad Co. - Specimen Stock Certificate - Available in Red, Orange, Olive, Aqua, Brown
Inv# SE1778 StockSpecimen Stock printed by American Bank Note Company. Red, Orange, Olive, Aqua, or Brown. Please specify color. The Erie Lackawanna Railway (reporting mark EL), known as the Erie Lackawanna Railroad until 1968, was formed from the 1960 merger of the Erie Railroad and the Delaware, Lackawanna & Western Railroad. The official motto of the line was "The Friendly Service Route".
Like many railroads in the northeast already financially vulnerable from the expanding U.S. Interstate Highway System, the line was severely weakened fiscally by the extent, duration and record flood levels due to Hurricane Agnes in 1972. It would never recover, and most of the corporation's holdings were subsumed into the federal rescue purchases creating Conrail in 1976, ending its days as an independent operating railroad company. The Interstate Commerce Commission approved the merger on September 13, 1960, and on October 17 the Erie Railroad and Delaware, Lackawanna and Western Railroad merged to form the Erie-Lackawanna Railroad. Read more at https://en.wikipedia.org/wiki/Erie_Lackawanna_Railway
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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