Rumford Falls and Rangeley Lakes Railroad - circa 1910's Unissued Railway Stock Certificate
Inv# RS2358
Stock
Unissued Stock by American Bank Note Co., Boston. Rare! The Buckfield Branch Railroad was chartered in 1847 to build a Portland gauge railroad to Buckfield from Mechanic Falls on the Grand Trunk Railway. The railway was completed to Buckfield in 1849 and reorganized as the Portland and Oxford Central Railroad in 1857. The railway was extended to Canton in 1870 and reorganized as the Rumford Falls and Buckfield Railroad in 1874. The railway went into receivership in 1878 and was converted to standard gauge. The railway was reorganized by Hugh J. Chisholm in 1890 as the Portland and Rumford Falls Railway.
The Portland and Rumford Falls Railway was extended north to Rumford Falls in 1892 and south to connect with the Maine Central Railroad at Rumford Junction near Auburn in 1893. A branch line was completed from Canton to Chisholm in 1897 and extended to a connection with the former Androscoggin Railroad at Livermore Falls in 1899. The Portland and Rumford Falls Railway chartered a subsidiary Rumford Falls and Rangeley Lakes Railroad in 1894 to access aboriginal forests north of Rumford. The Rumford Falls and Rangeley lakes reached Oquossoc in 1902. Maine Central leased the entire line from Rumford Junction to Oquossoc in 1907, and extended it to Kennebago. This line became known as the Rangeley branch when formally merged into the Maine Central in 1914. The branch from Canton to Livermore Falls was designated the Livermore Falls branch. Read more at https://en.wikipedia.org/wiki/Rumford_Branch
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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