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Boston and Albany Railroad Co. - Partially Unissued Railway Stock Certificate

Inv# RS1017A   Stock
Boston and Albany Railroad Co. - Partially Unissued Railway Stock Certificate
State(s): Massachusetts
New York
Years: 19--

Stock printed by American Bank Note Company, New York & Boston. Signed but not issued.

The connection from Boston to Albany formed the longest and most expensive point-to-point railroad yet constructed in the United States. Two mergers, on September 4, 1867 and December 28, 1870 brought the three companies, along with the Hudson and Boston Railroad, together into one company, known as the Boston and Albany Railroad. The New York Central and Hudson River Railroad leased the B&A for 99 years from July 1, 1900. This lease passed to the New York Central Railroad in 1914; throughout this, the B&A kept its own branding in the public eye. The NYC merged into Penn Central on February 1, 1968.

New York Central began a major modernization program in 1924. The Castleton Cut-Off with a very large hi-level bridge over the Hudson River was built from the B&A at Post Road to a new rail yard at Selkirk, New York, to avoid the steep NYC grade from the Hudson River up West Albany Hill. Berkshire locomotives were designed to provide faster freight service over the B&A.

In 1883, the B&A acquired track then owned by the New York and New England Railroad as far as Newton Highlands, and, in 1884, began the construction of a line northwest to the B&A mainline, creating a commuter loop. "The Circuit," as this route was called, officially opened in May 1886, providing double-track operation from downtown Boston through Brookline to Newton Highlands, then north into Riverside, and four tracks on the mainline from Riverside back to downtown so that commuter and mainline operations did not conflict. By 1889, as many as 35 trains traveled the Circuit daily, providing commuter service.

In 1899, the new South Station union station opened in Boston, a few blocks northeast of the old terminal. That terminal had been located on the west side of Utica Street (Boston, from Kneeland Street south to Harvard Street, now part of the South Bay Interchange. Even earlier, the terminal was in the block bounded by Kneeland Street, Beach Street, Albany Street (now Surface Artery), and Lincoln Street.

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK