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Pine Creek Railway Co. - Unissued Railroad Stock Certificate

Inv# RS4050   Stock
State(s): Pennsylvania
Years: (1880's or so)

Unissued Stock printed by Franklin Bank Note Co., NY. Bottom Corner Clip.

As the Pine Creek Railway, the new line formed an important part of the Fall Brook's system. The Fall Brook already leased the Corning, Cowanesque & Antrim and a series of NYC-controlled lines in New York, giving it a continuous line from Tioga County to the NYC main line at Lyons, New York. On July 1, 1892, the Fall Brook Coal Company separated its railroad and coal interests, transferring the Pine Creek Ry. lease to the new Fall Brook Railway. However, the independent operation of these lines by the Fall Brook was not to last. In 1895, the NYC began to investigate buying out the Fall Brook, which now formed a vital link between the New York Central main line and the NYC-controlled Beech Creek Railroad at Jersey Shore. The NYC ultimately succeeded in buying up the Fall Brook Railway, and took over the Pine Creek Railway lease on May 1, 1899. On February 4, 1909, the Pine Creek was merged with other elements of the former Fall Brook system to form the Geneva, Corning and Southern Railroad, which in turn was merged into the New York Central on December 22, 1914.

After the 1899 takeover, the former Fall Brook lines were operated by the NYC as the Fall Brook District, Pennsylvania Division. The Pine Creek line was one of those taken over by Conrail in 1976, but the last train ran on the route on October 7, 1988. After the removal of the tracks, the right-of-way was converted to the Pine Creek Rail Trail.

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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.
OUT OF STOCK