Northern Central Railway Co. - 1960's-70's dated Railroad Stock Certificate
Inv# RS1148 Stock
Pennsylvania
Railroad Stock. Eagle and horses vignette at top and coat of arms vignette at bottom. Nice border. Engraved by American Bank Note Co. Available in Brown or Purple. Please specify color.
The Northern Central Railway (NCRY) was a Class I Railroad connecting Baltimore, Maryland with Sunbury, Pennsylvania, along the Susquehanna River. Completed in 1858, the line came under the control of the Pennsylvania Railroad (PRR) in 1861, when the PRR acquired a controlling interest in the Northern Central's stock to compete with the rival Baltimore and Ohio Railroad (B&O). For eleven decades the Northern Central operated as a subsidiary of the PRR until much of its Maryland trackage was washed out by Hurricane Agnes in 1972; after which most of its operations ceased as the Penn Central declined to repair sections. It is now a fallen flag railway, having come under the control of the later Penn Central (merger of the PRR and the New York Central), Conrail, and then broken apart and disestablished. The southern part in Pennsylvania is now the York County Heritage Rail Trail which connects to a similar hike/bike trail in Northern Maryland down to Baltimore, named the Torrey C. Brown Rail Trail. Only the trackage around Baltimore remains in rail service. Read more at https://en.wikipedia.org/wiki/Northern_Central_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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