Ashtabula, Niles and Youngstown Railroad Co. - 1887 dated Railway Stock Certificate
Inv# RS5077 Stock
Stock. Certificate #6! Rare! In 1887, this railroad became part of the Pittsburgh, Youngstown and Ashtabula Railroad, and then immediately became part of the Pittsburgh, Youngstown and Ashtabula Railway. In 1906, the rail line became part of the Consolidated Rail Corporation, also known as Conrail (reporting mark CR), which was the primary Class I railroad in the Northeastern United States between 1976 and 1999. Conrail continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway.
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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