Gouverneur Morris of Morrisania - New York and Harlem Railroad - 1849 dated Autograph Railway Stock Certificate
Inv# AG1276 Stock
The New York & Harlem Railroad (now the Metro-North Railroad's Harlem Line) was one of the first railroads in the United States, & was the world's first street railway. Designed by John Stephenson, it was opened in stages between 1832 & 1852 between Lower Manhattan to & beyond Harlem. Horses initially pulled railway carriages, followed by a conversion to steam engines, then one to battery-powered Julien electric traction cars. In 1907, the then leaseholders of the line, New York City Railway, a streetcar operator, went into receivership. Following a further receivership in 1932, the New York Railways Corporation converted the line to bus operation. The Murray Hill Tunnel now carries a lane of road traffic, but not the buses. Read more at https://en.wikipedia.org/wiki/New_York_and_Harlem_Railroad
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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