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New York State Realty and Terminal Co. - Issued to Hamilton McKown Twombly Sr. Stock Certificate

Inv# NY1009   Stock
New York State Realty and Terminal Co. - Issued to Hamilton McKown Twombly Sr. Stock Certificate
State(s): New York
Years: 1904

Stock printed by Goes. Hole cancelled at seal. Certificate #5! Railroad related. Rare! Terminal City, also known as the Grand Central Zone, is an early 20th century commercial and office development in Midtown Manhattan, New York City. The space was developed atop the former Grand Central Station railyard, after the New York Central Railroad decided to rebuild the station into Grand Central Terminal, and reshape the railyard into a below-ground train shed, allowing roads and skyscrapers to be built atop it.

By 1906, news of the plans for Grand Central was already boosting the values of nearby properties. In conjunction with this project, the segment of Park Avenue above Grand Central's rail yards received a landscaped median and was widened to 140 feet (43 m). By the time the terminal opened in 1913, the blocks surrounding it were each valued at $2 million to $3 million. Terminal City soon became Manhattan's most desirable commercial and office district. From 1904 to 1926, land values along Park Avenue doubled, and land values in the Terminal City area increased 244%. A 1920 New York Times article said that the "development of the Grand Central property has in many respects surpassed original expectations. With its hotels, office buildings, apartments and underground streets it not only is a wonderful railroad terminal, but also a great civic centre." Read more at

Hamilton McKown Twombly Sr. (August 11, 1849 – January 11, 1910) was an American businessman. Hamilton McKown Twombly Sr. was born on August 11, 1849 in Middlesex County, Massachusetts and grew up in Boston. His parents were Alexander Hamilton Twombly (1804–1870) and Caroline (née McKown) Twombly (1821–1881). Twombly's siblings included Alexander Stevenson Twombly (1832–1907), Alice W. Twombly Jones (1848–1906), and Almina E. Twombly Sheldon (1851–1875). He attended and graduated from Harvard University in 1871. Twombly worked as a financial advisor to William Henry Vanderbilt (1821–1885), President of the New York Central Railroad. He sat on the Boards of Directors of the Chicago and Northwestern Railroad, the Delaware, Lackawanna and Western Railroad, the Chesapeake and Ohio Railroad, and the New Jersey Shore Line Railroad. He also sat on the Boards of Trustees of the Guarantee Trust Company and the Mutual Life Insurance Company. In 1890, Abram Hewitt partnered with Edward Cooper and Hamilton M. Twombly in forming the American Sulphur Company. That company then entered into a 50/50 agreement with Herman Frasch and his partners to form the Union Sulphur Company. Read more at

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Condition: Excellent

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.