New York Lake Erie and Western Docks and Improvement Co. - Shipping Stock Certificate
Inv# SS1328 Stock
New York
Pennsylvania
Stock printed by Francis & Loutrel, N.Y. This company must had connections with the New York Lake Erie and Western Railroad which ran from 1878 to 1895.
The Erie still did not see profits, and was sold in 1878 via bankruptcy reorganization to become the New York, Lake Erie and Western Railroad.
The work of converting the railroad to standard gauge was continued, and, on June 22, 1880, the entire trackage of the Erie was converted to standard gauge.
In 1886, it was reported that the Erie and the Philadelphia and Reading Railway shared ferry services between their two Jersey City terminals, the larger being Pavonia Terminal, and Fulton Ferry in Brooklyn, New York for 11 round trips on weekdays and Saturdays, and four round trips on Sunday. In 1889, it opened a new bridge across the Hackensack River improving service to its terminals.
Read more at https://en.wikipedia.org/wiki/Erie_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.
Ebay ID: labarre_galleries