New York Central Sleeping Car Company signed by W. Wagner - Stock CertificateInv# AG1727
1881 or 82
Stock signed by W. Wagner as president. Webster Wagner (October 2, 1817 – January 13, 1882) was a postmaster, state official and inventor. He was born near Palatine Bridge, New York and worked as a wagon maker alongside of other family members. After serving as an employee for the New York Central Railroad, Wagner invented the sleeping car and luxurious parlor car. He also perfected a system of ventilating railroad cars. His inventions were first used on the NY Central and later spread to other lines. He founded the Wagner Palace Car Company, located in Buffalo, New York. Several legal battles with the Pullman Company failed to put him and his partners out of business. He also served in the New York Assembly and New York State Senate. He was married to the former Susan Davis and had a family of five children. He died in a rail accident on Friday January 13, 1882, while riding in one of his sleeping cars, in the Bronx, New York. The Webster Wagner House at Palatine Bridge was added to the National Register of Historic Places in 1973. The New York Central Railroad (AAR reporting marks NYC), known simply as the New York Central in its publicity, was a railroad operating in the Northeastern United States. Headquartered in New York, the railroad served most of the Northeast, including extensive trackage in the states of New York, Pennsylvania, Ohio, Michigan, Indiana, Illinois and Massachusetts, plus additional trackage in the Canadian provinces of Ontario and Quebec. Its primary connections included Chicago and Boston. The NYC's Grand Central Terminal in New York City is one of its best known extant landmarks.
In 1968 the NYC merged with its former rival, the Pennsylvania Railroad, to form Penn Central (the New York, New Haven and Hartford Railroad joined in 1969). That company soon went bankrupt and was taken over by the federal government and merged into Conrail in 1976. Conrail was broken up in 1998, and portions of its system was transferred to the newly-formed New York Central Lines LLC, a subsidiary leased to, and eventually absorbed by CSX. That company's lines included the original New York Central main line, but outside that area it included lines that were never part of the NYC system.
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.
Item ordered may not be exact piece shown. All original and authentic.