Atlantic and Great Western Rail Road Co. - Ohio Railway Stock Certificate
Inv# RS5479 Stock
Small size Stock with archival repair and small stain. Measures 7 1/2" x 4 1/4". The Atlantic and Great Western Railroad began as three separate railroads: the Erie and New York City Railroad based in Jamestown, New York; the Meadville Railroad based in Meadville, Pennsylvania (renamed A&GW in April 1858); and the Franklin and Warren Railroad based in Franklin Mills, Ohio (renamed A&GW in January 1853). The owners of the three railroads had been working closely together since an October 8, 1852, meeting in Cleveland to plan an expansion of the "Great Broad Route", the Erie Railroad, through their respective areas.
On March 12, 1862, general control of all three companies was placed under a central board made of two directors from each of the companies. The Ohio Board was represented by Marvin Kent and Worthy S. Streator; the Pennsylvania Board by William Reynolds and John Dick; and the New York Board by A. F. Allen and Thomas W. Kennard. William Reynolds was elected President of the Board. The line reached Cleveland on November 18, 1863, and was connected to the Cincinnati, Hamilton and Dayton Railroad in Dayton on June 20, 1864; thus linking St. Louis with New York via a 6 ft (1,829 mm) gauge line. Read more at https://en.wikipedia.org/wiki/Atlantic_and_Great_Western_Railroad
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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