1,000 Shares Western Transit Co. - 1884 dated Stock Certificate
Inv# HD1087 Stock
1,000 shares Stock. Some glue staining at left side of stock.
The Western Transit Company was originally incorporated in New York in 1855 as the Western Transportation Company. The company soon had a full line of boats running both on the Great Lakes and on the Erie Canal. They had twenty propellers, six sailing vessels and 200 canal boats. The company was engaged in carrying freight and passengers on the lakes, and freight upon the Erie Canal, its vessels running in connection with the New York Central & Hudson River Railroad. In 1864 it had the following vessels: Empire State, Badger State, Oneida, Mohawk, Plymouth, Tonawanda, Free State, Potomac, Racine, Neptune and Mayflower. The boats of the company left Buffalo, New York daily through the season of navigation, for Milwaukee, Chicago, Cleveland, Detroit, Port Huron, Mackinac, Port St. Ignace, Sheboygan and all other principal points on the lakes.
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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