Attica and Buffalo Railroad - 1800's dated Unissued New York Railway Stock Certificate
Inv# RS2764 StockUnissued Stock. Printer-Rawdon, Wright & Hatch, NY. Especially Nice Engraving! Slight wrinkling from water staining, but this is how all of these exist.
The Tonawanda Railroad, located to the west of Rochester, received its charter on April 24, 1832, with the objective of constructing a route from Rochester to Attica. The initial segment, extending from Rochester southwestward to Batavia, was inaugurated on May 5, 1837, while the complete line to Attica was opened on January 8, 1843. In 1836, the Attica and Buffalo Railroad was chartered and commenced operations on November 24, 1842, providing service from Buffalo to Attica in a southeast direction. Although the Auburn and Rochester Railroad began operations in 1841, it did not connect with the Tonawanda Railroad at Rochester. Nevertheless, this development established an uninterrupted rail route between Buffalo and Albany.
On March 19, 1844, the Tonawanda Railroad received authorization to create this connection, which was completed later that same year. On February 17, 1848, the Albany and Schenectady Railroad acquired all baggage, mail, and emigrant cars from the various railroads operating between Albany and Buffalo, thereby initiating the operation of through cars. On December 7, 1850, the Tonawanda Railroad merged with the Attica and Buffalo Railroad to establish the Buffalo and Rochester Railroad. A new direct route from Buffalo to Batavia was inaugurated on April 26, 1852, while the previous line between Depew (located east of Buffalo) and Attica was sold to the Buffalo and New York City Railroad on November 1. This line was subsequently integrated into the New York and Erie Railroad system and converted to the Erie’s broad gauge of 6 ft (1,829 mm).
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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