Brooklyn Rapid Transit Co. - 1914-15 dated Railroad Stock Certificate
Inv# RS4226 Stock
Stock printed by Franklin-Lee Bank Note Co. New York. Very Popular! Scarce! Available in Brown or Green. Please specify color. The Brooklyn Rapid Transit Company (BRT) was a public transit holding company formed in 1896 to acquire and consolidate railway lines in Brooklyn and Queens, New York City, United States. It was a prominent corporation and industry leader using the single-letter symbol B on the New York Stock Exchange. It operated both passenger and freight services on its rail rapid transit, elevated and subway network, making it unique among the three companies which built and operated subway lines in New York City. It became insolvent in 1919 and was restructured and released from bankruptcy as the Brooklyn–Manhattan Transit Corporation in 1923.
The BRT was incorporated January 18, 1896, and took over the bankrupt Long Island Traction Company in early February acquiring the Brooklyn Heights Railroad and the lessee of the Brooklyn City Rail Road. It then acquired the Brooklyn, Queens County and Suburban Railroad leased on July 1, 1898. Read more at https://en.wikipedia.org/wiki/Brooklyn_Rapid_Transit_Company
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.
Ebay ID: labarre_galleries