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St. Joseph, South Bend and Southern Railroad Co. - 1901 dated Fractional Scrip for Preferred Railway Stock

Inv# RS5521   Stock
State(s): Indiana
New York
Years: 1901
Color: Blue Print on White Paper

Unissued Stock with blue print and border with Stain. This railroad operated from 1899 to 1943. The rail line then became part of the New York Central Railroad (reporting mark NYC) which was a railroad primarily operating in the Great Lakes and Mid-Atlantic regions of the United States. The railroad primarily connected greater New York and Boston in the east with Chicago and St. Louis in the Midwest, along with the intermediate cities of Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester and Syracuse. New York Central was headquartered in New York City's New York Central Building, adjacent to its largest station, Grand Central Terminal.

The railroad was established in 1853, consolidating several existing railroad companies. In 1968, the NYC merged with its former rival, the Pennsylvania Railroad, to form Penn Central. Penn Central went into bankruptcy in 1970 and, with extensive Federal government support, emerged as Conrail in 1976. Conrail was broken-up in 1999, and portions of its system were transferred to CSX and Norfolk Southern Railway, with CSX acquiring most of the old New York Central trackage and Norfolk Southern acquiring most of the old Pennsylvania trackage. Read more at https://en.wikipedia.org/wiki/New_York_Central_Railroad

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.
Price: $22.00