Allegheny and Western Railway Co. - 1920-59 dated Railroad Stock Certificate
Inv# RS1000 Stock
Pennsylvania
Railroad Stock. Great train vignette and very nice Victorian borders. 1890's style. Great! Available in Blue or Brown. Please specify color.
The Allegheny and Western Railway was chartered under the laws of Pennsylvania in 1898 as a consolidation of two lines, the Jefferson & Allegheny Railway and the Allegheny & Western Railway. The road was completed in September 1899 and taken over by the Buffalo, Rochester & Pittsburgh Railway Company on January 1, 1900. On July 1, 1925, property of the Rural Valley Railroad was purchased and included in the leases. The BR & P operated a strategic north-south line in western Pennsylvania and New York State that connected the main cities of Pittsburgh, PA to Rochester and Buffalo, NY. Principal lines also ran to New Castle, Vintondale and Clearfield, PA, which accessed the bituminous coal regions. At the end of 1935 the railroad owned and/or leased over 1115 miles of railroad tracks. The Interstate Commerce Commission authorized the Baltimore & Ohio to acquire control of the railroad in 1930.
The Ontario Car Ferry Co., Ltd. was also owned jointly by the Buffalo, Rochester & Pittsburgh Railway and the Canadian National Railway. In 1907 it operated car ferries across Lake Ontario, between Port of Rochester, NY and Coburg, Canada.
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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