Geneva, Corning & Southern Railroad Co. - 1900's dated Railway Stock Certificate
Inv# RS2026 Stock
Pennsylvania
Preferred Stock hole and stamp cancelled. Printed by International Bank Note. Autographed by E. V. W. Rossiter and quite Rare! From the Syracuse University Collection. Available in Red, Blue or Green. Please specify color. Also available unissued at a lesser price. Please inquire if interested.
Edward Van Wyck Rossiter (1844-1910) President’s clerk for Hudson River Railroad; Treasurer’s office clerk for Hudson River Railroad 1860-67; cashier New York & Harlem Railroad 1867-77. Later treasurer of same company, June 1883 became treasurer and from November 1900 had been Vice President of New York Central and Hudson River Railroad, New York & Harlem Railroad as well as of almost all the lines affiliated with the New York Central Company, also Lincoln National Bank and Lincoln Safe Deposit Company.
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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