Swan Creek Railway Co. of Toledo, Ohio Transferred to William K. Vanderbilt - Stock Certificate
Inv# AG2467 Stock
Uncut Sheet of 2 Stocks with 1 transferred to Wm. K Vanderbilt, not signed.
William Kissam Vanderbilt (1849-1920) A member of the prominent United States Vanderbilt family. The second son of William Henry Vanderbilt, from whom he inherited $60 million, he was for a time active in the management of the family railroads, though not much after 1903. His sons William Kissam Vanderbilt II (1878-1944) and Harold Stirling Vanderbilt (1884-1970) were the last to be active in the railroads, the latter losing a proxy battle for the New York Central Railroad in the 1950s.
William K. Vanderbilt's first wife was Alva Erskine Smith (1853-1933), who he married in 1875. Born in 1853 to a slave-owning Alabama family, she was the mother of his children and was instrumental in forcing their daughter Consuelo (1877-1964) to marry the 9th Duke of Marlborough in 1895. Not long after this the Vanderbilts divorced, William K. later marrying Anne Harriman Rutherford Sands and Alva marrying Oliver Hazard Perry Belmont. William Kissam Vanderbilt died in Paris, France in 1920. His remains were brought home and interred in the Vanderbilt family vault in the Moravian Cemetery at New Dorp on Staten Island, New York.
This rail line operated from 1875 to 1914 then became part of the New York Central Rail System. The New York Central Railroad (reporting mark NYC) was a major railroad that primarily operated in the Great Lakes and Mid-Atlantic regions of the United States. It connected greater New York and Boston in the east with Chicago and St. Louis in the Midwest, serving key cities such as Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester, and Syracuse. The railroad was headquartered in the New York Central Building, located next to its largest station, Grand Central Terminal.
Founded in 1853, the New York Central Railroad was created through the consolidation of several existing railroad companies. In 1968, it merged with its former rival, the Pennsylvania Railroad, to form Penn Central. However, Penn Central declared bankruptcy in 1970 and, with substantial support from the federal government, re-emerged as Conrail in 1976. In 1999, Conrail was dismantled, and parts of its system were transferred to CSX and Norfolk Southern Railway (NS), with CSX acquiring most of the eastern trackage and NS taking over the majority of the western trackage initially operated by NYC.
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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