Shore Line Railway - 1870's-80's circa Unissued Railroad Stock Certificate - New Haven, Connecticut
Inv# RS5116 StockUnissued Stock. New Haven, Conneticut. The Shore Line Railway was a part of the New York, New Haven and Hartford Railroad system, running east from New Haven, Connecticut to New London along the north shore of Long Island Sound. It is currently used for commuter service on ConnDOT's Shore Line East and regional/express service on Amtrak's high-speed Northeast Corridor.
The New Haven and New London Railroad was chartered May 1848 to build a line from New Haven, the east end of the New York and New Haven Railroad, east to New London on the Thames River and the south end of the New London, Willimantic and Palmer Railroad. Construction began in 1850 and the line opened from New Haven to the Connecticut River in Old Saybrook on July 1, 1852. Later that month the rest of the line opened, from the other side of the river in Old Lyme east to New London; a train ferry took trains across the river.
The New London and Stonington Railroad was chartered May 1852 to continue east from New London to Stonington, the west end of the existing New York, Providence and Boston Railroad. On March 6, 1857 the New Haven and New London merged with the New London and Stonington to form the New Haven, New London and Stonington Railroad. The line west from Stonington opened December 30, 1858, ending at Groton, with another car ferry across the Thames River to New London. This completed the "Shore Line" route between New York City and Boston; through passenger service began December 12, 1859, with night trains first running August 19, 1861 and sleeping cars November 11. Read more at https://en.wikipedia.org/wiki/Shore_Line_Railway_(Connecticut)
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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