Asheville and Northern Railway Co. - Railroad Stock Certificate
Inv# RS5425 Stock
Stock printed by Goes. Asheville, North Carolina. Nice green seal and coloring! Certificate #2! Asheville and Northern Railway - 1905 projected as a steam road from Asheville north-eastwards via Weaverville, Mars Hill, Faust and English to the Tennessee border and a connection with the Clinchfield Railroad beyond. Affiliated with the Asheville and Craggy Mountain Railroad. Morphed into a small electric interurban to Weaverville, the Asheville and Eastern Tennessee Railroad, which got no further.
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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