Agawam Canal Co. - 1861 dated West Springfield Massachusetts Stock Certificate
Inv# CN1017 Stock
Stock. West Springfield, Massachusetts. The Agawam Canal Company constructed and ran a large cotton mill (1000 spindles) in West Springfield. Agawam was the original town name of Springfield.
West Springfield is a city in Hampden County, Massachusetts, United States. It is part of the Springfield, Massachusetts Metropolitan Statistical Area. The population was 28,835 at the 2020 United States Census. The city is also known as "West Side", in reference to the fact that it is on the western side of the Connecticut River from Springfield, a fact which played a major part in the town's early history.
The area that became known as West Springfield was settled in 1635. The settlers fled to higher ground on the east side of the river and founded Springfield in the aftermath of the great hurricane of 1635. West Springfield was good farm land, so some families did stay on the west side. Other than the trade in beaver skins, economic activity in early colonial Springfield consisted largely of subsistence farming and animal husbandry, with barter being the preferred medium of exchange for neighbors' crops, and locally produced goods. Gristmills and saw mills were also present in the early settlement. Read more at https://en.wikipedia.org/wiki/West_Springfield,_Massachusetts
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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