Ridgefield and New York Railroad Co. - 1871 dated Railway Stock Certificate
Inv# RS4465 Stock
New York
Stock with 25 cents revenue stamp. Rare! Ridgefield and New York Railroad - began 1867 to build a line from just east of Port Chester, New York to Ridgefield. It was almost completely graded when the Panic of 1873 stopped work. The company survived, and was trying to finish and extend to Danbury up to 1906 when the New York, New Haven and Hartford Railroad bought it out to get rid of it. Read more at https://en.wikipedia.org/wiki/Ridgefield_station_(New_York,_New_Haven,_and_Hartford_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.
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