West Side and Yonkers Railway Co. - 1880's dated New York Railroad Stock Certificate
Inv# RS1260 Stock
Railroad Stock. No vignette. The IRT Ninth Avenue Line, often called the Ninth Avenue Elevated or Ninth Avenue El, was the first elevated railway in New York City. It opened on July 3, 1868 as the West Side and Yonkers Patent Railway, as an experimental single-track cable-powered elevated railway from Battery Place, at the south end of Manhattan Island, northward up Greenwich Street to Cortlandt Street. It ceased operation on June 11, 1940, after it was replaced by the IND Eighth Avenue Line which had opened in 1932.
The last section in use, over the Harlem River, was known as the Polo Grounds Shuttle, and closed on August 31, 1958. This portion used a now-removed swing bridge called the Putnam Bridge, and went through a still-extant tunnel with two partially underground stations.
On April 20, 1866, the West Side and Yonkers Patent Railway Company was formed by Charles T. Harvey and eventually was awarded the approval to begin construction of an elevated line operating on Greenwich Street, then Ninth Avenue from Battery Place to 30th Street. His company had been chartered with a subscribed capital of $100,000, to build a 25-mile (40 km) elevated railroad from the southern extremity of the city northward its length and thence to the village of Yonkers. Read more at https://en.wikipedia.org/wiki/IRT_Ninth_Avenue_Line
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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