Bank of the Delaware and Hudson Canal Co. - Stock Certificate
Inv# SS1265 Stock
New York State 4 1/2 per Cent. Stock. Early & Rare! The Delaware and Hudson Canal was the first venture of the Delaware and Hudson Canal Company, which would later build the Delaware and Hudson Railway. Between 1828 and 1899, the canal's barges carried anthracite coal from the mines of northeastern Pennsylvania to the Hudson River and thence to market in New York City.
Construction of the canal involved some major feats of civil engineering, and resulted in the development of some new technologies, particularly in rail transport. Its operation stimulated the city's growth and encouraged settlement in the sparsely populated region. Unlike many other canals of that era, the canal remained a profitable private operation for most of its existence.
The canal was declared a National Historic Landmark in 1968. The canal was abandoned during the early 20th century, and much of it was subsequently drained and filled. Some fragments remain in New York and Pennsylvania. Read more at https://en.wikipedia.org/wiki/Delaware_and_Hudson_Canal
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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