Nassau Electric Railroad Co. - circa 1900 or so Unissued Railway Stock Certificate
Inv# RS2779 Stock
Unissued Stock. Great trolley car vignette by American Bank Note Co., NY. Available in Blue, Green or Brown. Please specify color.
The Nassau Electric Railroad was an electric streetcar company located in the state of New York, specifically operating within the borough of Brooklyn and extending over the Brooklyn and Williamsburg Bridges into Manhattan. The establishment of the company was spearheaded by real estate developer Patrick H. Flynn, who possessed land on Fifth Avenue south of 25th Street, where the Atlantic Avenue Railroad's Fifth Avenue Line concluded. Flynn approached both the Atlantic Avenue Railroad and the Brooklyn City Rail Road with a request to extend their lines to his area. However, the Atlantic Avenue Railroad declined, citing the underdeveloped nature of the region, while the Brooklyn City Rail Road refused due to a prior agreement to leave Fifth Avenue to the Atlantic Avenue Railroad. Confronted with the absence of a railroad connection for his proposed subdivision, Flynn proceeded to incorporate several railroads, including the Coney Island, Fort Hamilton and Brooklyn Railroad, the Union Railroad, the Kings County Electric Railway, and ultimately the Nassau Electric Railroad to consolidate these entities.
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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