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Canandaigua and Niagara Falls Railroad Co. - New York Railway Stock Certificate

Inv# RS5044A   Stock
State(s): New York
Years: 1853

The Canandaigua and Corning Railroad Company was incorporated by a special act of the New York Legislature on May 14, 1845, to build between the two points named, and the Chemung Railroad was incorporated on the same date. The Chemung RR was the first to finish its line, from Horseheads, on the New York and Erie Railroad, to Watkins Glen (then known as Jefferson), on Seneca Lake, in 1850. It was operated as a branch of the Erie, and accordingly used 6 ft (1,829 mm) broad gauge. On March 8, 1850, another act authorized the Canandaigua & Corning to change its name to the Canandaigua & Elmira and connect with the Chemung RR. It opened a line between the Chemung RR at Jefferson and Canandaigua on September 15, 1851, and was also operated by the Erie. On September 14, 1852, it was renamed the Canandaigua and Elmira Railroad Company.

On January 1, 1853, the Erie ceased to operate the two railroads, and the Chemung RR was run as part of the Canandaigua & Elmira, now an independent operation. On July 1, 1853, the Canandaigua and Niagara Falls Railroad opened between Canandaigua and North Tonawanda. It was also 6 ft (1,829 mm) broad gauge, and was leased by the Canandaigua & Elmira RR, giving it access to the Niagara Falls Suspension Bridge. Read more at https://en.wikipedia.org/wiki/Elmira_and_Lake_Ontario_Railroad

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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.
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