Allegheny River Coal Oil Co. - 1864 dated Stock Certificate
Inv# OS1965 Stock
Stock printed by P.S. Duval & Son, Lith., Phil. with 25 cents revenue stamp! Philadelphia, Pennsylvania. Civil War era dated! Uncancelled and not negotiable.
The Allegheny River (/?æl???e?ni/ AL-?-GAE-nee) is a 325-mile-long (523 km) headwater stream of the Ohio River in western Pennsylvania and New York. The Allegheny River runs from its headwaters just below the middle of Pennsylvania's northern border northwesterly into New York then in a zigzag southwesterly across the border and through Western Pennsylvania to join the Monongahela River at the Forks of the Ohio at Point State Park in Downtown Pittsburgh, Pennsylvania. The Allegheny River is, by volume, the main headstream of both the Ohio and Mississippi Rivers. Historically, the Allegheny was considered to be the upper Ohio River by both Native Americans and European settlers. The shallow river has been made navigable upstream from Pittsburgh to East Brady by a series of locks and dams constructed in the early 20th century. A 24-mile-long portion of the upper river in Warren and McKean counties of Pennsylvania and Cattaraugus County in New York is the Allegheny Reservoir, created by the erection of the Kinzua Dam in 1965 for flood control. The name of the river comes from one of a number of Delaware/Unami phrases which are homophones of the English name, with varying translations.
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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