Fulton Chain Railway Co. - circa 1910's Unissued Railroad Stock Certificate
Inv# RS5251A Stock
Unissued Stock. Smaller size format measures 9 1/2" x 5 1/2". The Fulton Chain Railway was established as the Fulton Chain Railroad in 1896 and commenced operations that same year. Following a reorganization in 1902, the company, which was then under the management of the New York Central Railroad, was renamed the Fulton Chain Railway. This line, also referred to as the Old Forge Branch, spanned 2.204 miles (3.547 km) and linked Fulton Chain to Old Forge, where vessels from the Fulton Navigation Company provided connections. The New York Central assumed control of the company in 1917 and managed its operations until July 11, 1932. A short segment at the Fulton Chain terminus remained under the company's ownership until January 1, 1937, when the Fulton Chain Railway was integrated into the New York Central.
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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