Boston and Albany Railroad Co. - 1940's-50's dated Railway Stock Certificate
Inv# RS1017 StockNew York
Railroad Stock. Great triple vignette including train scene, Coat of Arms of MA., boat scene. 2nd vignette of Coat of Arms. Superb! Great for Framing! Available in Olive or Blue. Please specify color.
The Boston and Albany Railroad (reporting mark B&A) was a railroad connecting Boston, Massachusetts to Albany, New York, later becoming part of the New York Central Railroad system, Conrail, and CSX Transportation. The line is currently used by CSX for freight. Passenger service is provided on the line by Amtrak, as part of their Lake Shore Limited service, and by the MBTA Commuter Rail system, which owns the section east of Worcester and operates it as its Framingham/Worcester Line.
Refunding Bond of the Boston and Albany Rail Road Company, issued 1. October 1913
When the Erie Canal opened in 1825, New York City's advantageous water connection through the Hudson River threatened Boston's historical dominance as a trade center. Since the Berkshires made construction of a canal infeasible, Boston turned to the emerging railroad technology for a share of the freight to and from the Midwestern United States. The Boston and Worcester Railroad was chartered June 23, 1831 and construction began in August 1832. The line opened in sections: to West Newton on April 16, 1834; to Wellesley on July 3; to Ashland on September 20; to Westborough in November 1834; and the full length to Worcester on July 4, 1835. The original single-track line was double-tracked from Boston to Framingham in 1839, and on to Worcester by 1843. In 1843 the B&W introduced season passes to West Newton for $60, effectively introducing the concept of commuter rail. Read more at https://en.wikipedia.org/wiki/Boston_and_Albany_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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