Geneva, Corning & Southern Railroad - PMG Graded Railway Stock Certificate
Inv# RS2026A Stock
PMG Graded Stock, 63 EPQ Choice Uncirculated. The Syracuse, Geneva and Corning Railway was established in 1875 and opened their road on December 10, 1877. The company was leased to and operated by the Fall Brook Coal Company for 20 years beginning in 1881. On October 1, 1885, the company consolidated without a change of name with the Penn Yan and New York Railroad Company, which was leased to the New York Central and Hudson River Railroad Company in 1899. In 1909, the company merged with Geneva, Corning and Southern Railroad and once again in 1914, into New York Central Railroad (NYCRR).
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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