Mount Washington Railway Co. - Mt. Washington Cog Railroad Stock Certificate - Coos County, New Hampshire
Inv# RS5477 Stock
Stock for 136 Shares, #131, Concord, NH, 1896. Great custom vignette of the famous Cog Railway. Very Rare! Toning at stub end otherwise a very nice example.
The Mount Washington Cog Railway, also known as the Cog, is the world's first mountain-climbing cog railway (rack-and-pinion railway). The railway climbs Mount Washington in New Hampshire, United States. It uses a Marsh rack system and both steam and biodiesel-powered locomotives to carry tourists to the top of the mountain. Its track is built to a 4 ft 8 in (1,422 mm) gauge, which is technically a narrow gauge, as it is 1⁄2 inch (13 mm) less than a 4 ft 8+1⁄2 in (1,435 mm) standard gauge.
It is the second steepest rack railway in the world after the Pilatus Railway in Switzerland,[2] with an average grade of over 25% and a maximum grade of 37%. The railway is approximately 3 miles (5 km) long and ascends Mount Washington's western slope, beginning at an elevation of approximately 2,700 feet (820 m) above sea level and ending just short of the mountain's summit peak of 6,288 feet (1,917 m). The train ascends the mountain at 2.8 miles per hour (4.5 km/h) and descends at 4.6 mph (7.4 km/h). Steam locomotives take approximately 65 minutes to ascend and 40 minutes to descend, while the biodiesel engines can go up in as little as 36 minutes.
Most of the Mount Washington Cog Railway is in Thompson and Meserve's Purchase, with the part of the railway nearest to Mount Washington's summit being in Sargent's Purchase. Read more at https://en.wikipedia.org/wiki/Mount_Washington_Cog_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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