Boston, Hartford and Erie Railroad Co. - Railway Stock Certificate
Inv# RS2627 Stock
Massachusetts
Pennsylvania
Stock with nice locomotive engraved by Franklin Bank Note Co., NY. Older New England Railroad stocks and bonds have become quite Scarce and Popular. Great!
The New York and New England Railroad (NY&NE) served as a transportation link between southern New York State and the cities of Hartford, Connecticut; Providence, Rhode Island; and Boston, Massachusetts. It operated under this designation from 1873 until 1893. Before adopting the NY&NE name, it was known as the Boston, Hartford and Erie Railroad, which was established from several smaller railroads dating back to 1846. Following a bankruptcy in 1893, the NY&NE underwent reorganization and briefly functioned as the New England Railroad before being leased to the rival New York, New Haven and Hartford Railroad in 1898.
Currently, the majority of the original New York and New England routes have been abandoned. A section in Massachusetts is now incorporated into the MBTA's Franklin Line, which provides commuter rail service to South Station in Boston. Additionally, another segment near East Hartford and Manchester, Connecticut, is utilized for freight operations by the Connecticut Southern Railroad. Other areas in Connecticut and Rhode Island have been transformed into rail trails.
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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