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Hanover and York Rail Road Co. - 1885 dated Unissued Railway Stock Certificate

Inv# RS4622   Stock
State(s): Pennsylvania
Years: 1885
Color: Black Print

Unissued Stock. This railroad operated from 1873 to 1897, then became part of the York, Hanover and Frederick railway (YH&F) 1897-1953.

In March 1897, this new company was itself merged with other Pennsylvania-controlled railways (Littlestown Railroad Company and the Hanover and York Railroad Company) into the York, Hanover and Frederick Railroad Company, chartered under the general laws of Pennsylvania and Maryland.

In 1911, the Tidewater Portland Cement Company commenced operations in Union Bridge, Maryland as one of only two portland cement plants in the State  and serviced by a rail connection on the Western Maryland mainline. Unsatisfied with Western Maryland's freight tariffs, Tidewater approached the York, Hanover and Frederick Railroad in order to secure an extension to its plant, a distance of 5.146 miles. As an incentive to build the spur, Tidewater agreed to guarantee a minimum shipment of 500,000 tons of cement over the line. In 1914, this newly built Central Railroad of Maryland was merged into the York, Hanover and Frederick Railway Company and renamed as the Union Bridge branch. The branch was abandoned in 1971 and track removed in 1972.

The York, Hanover and Frederick Railway remained a wholly owned stock subsidiary of the PRR into the creation of the PennDel company on December 31, 1953 and then the Penn Central merger in 1968 and then bankruptcy in 1970. Read more at https://en.wikipedia.org/wiki/Frederick_and_Pennsylvania_Line_Railroad_Company#York,_Hanover_and_Frederick_railway_(YH&F)_1897-1953

 

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.
Price: $55.00