Bellefonte and Snow-Shoe Rail Road Co. - 1850's-70's dated Railway Stock Certificate - Bellefonte and Snowshoe Railroad
Inv# RS2008 Stock
Stock of a slightly larger than normal size. Fold splits otherwise excellent condition and VERY SCARCE! The Bellefonte and Snow Shoe Railroad was a coal-hauling railroad in Centre County, Pennsylvania. Begun in 1859, it came under the control of the Pennsylvania Railroad in 1881. Closing of mines in the 1930s resulted in the decline of traffic on the railroad, which was abandoned in 1959.
The line was originally chartered as the Allegheny and Bald Eagle Railroad, Coal and Iron Company on June 12, 1839. It was to extend from the western side of the Allegheny Mountains to Bald Eagle Creek. For many years, however, it showed no organized activity, although the Pennsylvania General Assembly periodically renewed its charter. On May 2, 1855, a charter supplement allowed it to extend to Bellefonte, to connect with the Bald Eagle and Spring Creek Navigation canal. In 1857, a survey of the line was finally completed. Construction began in 1858, and it was completed in 1859, from the coal mines at Snow Shoe to Snow Shoe Intersection (now Wingate) in the Bald Eagle Valley. There it connected with the west end of the newly constructed Tyrone and Lock Haven Railroad, which ran up the valley to Milesburg and then south to Bellefonte, and over which it had trackage rights.
The name of the company was changed to the Bellefonte and Snowshoe Railroad Company on March 24, 1859, shortly before a ceremonial opening on 21 June 1859, featuring a special train from Bellefonte to Clarks, then the terminus of the line. It would be extended to Snow Shoe later in the year, and regular passenger service begun in December. Read more at https://en.wikipedia.org/wiki/Bellefonte_and_Snowshoe_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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