Jersey Shore, Pine Creek and Buffalo Railway Co. - Railroad Stock Certificate - Superb Design
Inv# RS2774 Stock
Stock printed by American Bank Note Co., Phila. Available unissued for $65. Please specify version.
The Jersey Shore, Pine Creek and Buffalo Railway was a railroad built in the early 1880s to give the New York Central and Hudson River Railroad access to the coal regions around Clearfield, Pennsylvania, United States. It was originally planned as part of a connecting line between the East Coast of the United States and Buffalo, New York.
The railroad was incorporated on February 17, 1870 to run from the vicinity of Williamsport to Jersey Shore, up Pine Creek and down the Allegheny River to Port Allegany, as part of a route to Buffalo. While it was organized under a new charter, this represented a continuation of the Jersey Shore, Pine Creek and State Line Railroad project; that corporation had made surveys up Pine Creek with the aim of connecting with another railroad on the northern border of the state, possibly extending as far west as McKean County to do so. Sobieski Ross assumed the presidency of the company and began pushing grading from Jersey Shore towards Coudersport. Read more at https://en.wikipedia.org/wiki/Jersey_Shore,_Pine_Creek_and_Buffalo_Railway
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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