Toronto, Hamilton and Buffalo Navigation Co. - Canadian & U.S. Railway Stock Certificate
Inv# RS2882 Stock
Ohio
Stock. Also available Unissued at a lesser price. Please inquire if interested. Very Rare! The TH&B Navigation Company operated a car float from Port Maitland, Ontario, to Ashtabula, Ohio.
The Toronto, Hamilton and Buffalo Railway (reporting mark THB) was a railway based in Hamilton that ran in Southern Ontario from 1892 to 1987. It never reached the other two cities in its name, although it did have branch lines extending to Dunnville and Port Maitland. The railway was originally chartered in 1884 by the Ontario Legislative Assembly to run from Toronto to the International Railway Bridge, connecting with local lines to Buffalo. The original charter forbade the company any attempt to merge with, lease from, sell to, or pool with any other railway. Given the business conditions at the time, this turned out to be an impossible condition. The original corporation was unable to complete the line before the original charter expired, so the government revived the act, requiring the line to be completed by 1894, with a new group of promoters.
It began operations in 1892, when it took over the incomplete line of the Brantford, Waterloo & Lake Erie Railway between Brantford and Waterford. The line reached Hamilton in October, 1894 and Welland on December 30, 1895. In 1895, the Canadian Pacific Railway and the New York Central Railroad bought the TH&B. Read more at https://en.wikipedia.org/wiki/Toronto,_Hamilton_and_Buffalo_Railway
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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