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Erie Railroad - dated 1950's-60's Railway Stock Certificate - Awesome Railroad History - New York & Many Other States

Inv# RS1081   Stock
State(s): New York
Pennsylvania
Years: 1950's-60's
Color: Blue or Green

Railroad Stock Certificate. Male and female figure with company logo. Engraved by American Bank Note Co. Available in Blue or Green. Please specify color. The Erie Railroad (reporting mark ERIE) was a railroad that operated in the northeastern United States, originally connecting New York City — more specifically Jersey City, New Jersey, where Erie's former terminal, long demolished, used to stand — with Lake Erie. It expanded west to Chicago with its 1941 merger with the former Atlantic and Great Western Railroad, also known as the New York, Pennsylvania and Ohio Railroad (NYPANO RR). Its mainline route proved influential in the development and economic growth of the Southern Tier of New York State, including cities such as Binghamton, Elmira, and Hornell. The Erie Railroad repair shops were located in Hornell and was Hornell's largest employer. Hornell was also where Erie's mainline split into two routes, one north to Buffalo and the other west to Cleveland.

On October 17, 1960, the Erie merged with former rival Delaware, Lackawanna & Western Railroad to form the Erie Lackawanna Railroad. The Hornell repair shops were closed when Conrail took over, and repair operations moved to the Lackawanna's Scranton facility; this had a devastating effect on Hornell from which it has never recovered. (The repair shops have subsequently been used, intermittently, for the assembly of railroad and transit cars.) It is now run by Alstom. Much of the former Erie line between Hornell and Binghamton was damaged in 1972 by the floods of Hurricane Agnes, but the damage was quickly repaired and this line is today a key link in the Norfolk Southern Railway's Southern Tier mainline. What was left of the Erie Lackawanna became part of Conrail in 1976. In 1983 Erie remnants became part of New Jersey Transit rail operations, including parts of its Main Line. Today most of the surviving Erie Railroad routes are operated by the Norfolk Southern Railway. Read more at https://en.wikipedia.org/wiki/Erie_Railroad

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Condition: Excellent

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: $7.00