Buffalo and Niagara Falls Railroad - Unissued Railway Stock Certificate
Inv# RS2629 Stock
Unissued Stock. Old train vignette and Buffalo Engravings by Rawdon, Wright & Hatch, NY. Anything with Niagara Falls in the title or as part of the graphics is very popular. Early and Rare!!
The Buffalo and Niagara Falls Railroad was a part of the New York Central Railroad system, connecting Buffalo, New York to Niagara Falls. It is still used by CSX for freight and Amtrak for passenger service. The Buffalo and Black Rock Railroad was chartered in 1833 and opened in 1834, operating a horse-powered line from downtown Buffalo north to Black Rock, now the east end of the International Bridge. The line was mostly built on state land next to the Erie Canal.
The Buffalo and Niagara Falls Railroad was incorporated in 1834 to take over the Buffalo and Black Rock and extend it north and northwest to Niagara Falls. Construction began in August 1836, and included a replacement of the low-quality rails of the horse-drawn line. By 1837 the extension to Tonawanda was completed, and around 1840 the rest of the way to Niagara Falls opened. In or soon after 1852, the new Erie Street terminal was built in downtown Buffalo, along with a relocation of the tracks near downtown to the west side of the Erie Canal. In 1853 the newly formed New York Central Railroad leased the Buffalo and Niagara Falls, which at the time did not connect to any other NYC lines. It was merged into the NYC in 1855. Read more at https://en.wikipedia.org/wiki/Buffalo_and_Niagara_Falls_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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