Huntingdon and Broad Top Mountain Rail Road and Coal Co. - 1863 dated Railway Stock Certificate - Beautiful Purple Color - Great Design
Inv# RS2106A
Stock
Stock printed by Chandler, Phila. with blue 30 cents Washington revenue stamp! Great purple color! Rare!
Huntingdon and Broad Top Mountain Railroad (H&BTM) (reporting mark HBTM) is a former short line railroad company operating passenger and freight service on standard gauge track in south central Pennsylvania. Operational headquarters were in Huntingdon and Saxton, with financial and business offices located in Philadelphia. The primary shop facilities were located in Saxton; auxiliary car shop facilities were at Huntington. Turntables were located at Huntingdon, Saxton and Mount Dallas, Pennsylvania.
The Huntingdon and Broad Top Mountain Railroad and Coal Company was chartered on May 6, 1852, and organized on January 10, 1853. The purpose of the line was to provide a rail link from Huntingdon to Bedford, and to provide a competitive alternate route to local coal producers to break the Baltimore and Ohio Railroad's monopoly on coal that was being shipped from the Cumberland, Maryland, area. The existence of high quality semi-bituminous coal in the Broad Top Mountain region was known since colonial times. Before the railroad, wagon or pole barge was the only practical method of bringing the coal from the remote region to market. Read more at https://en.wikipedia.org/wiki/Huntingdon_and_Broad_Top_Mountain_Railroad_and_Coal_Company
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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