Buffalo and Susquehanna Railroad Co. - 1902 dated Stock Certificate
Inv# RS4799 Stock
Stock printed by American Bank Note Company, New York. The Buffalo and Susquehanna Railroad was a railroad company that previously functioned in western and north central Pennsylvania as well as western New York. Established in 1893 through the merger and consolidation of various smaller logging railroads, it operated independently until 1929, when the Baltimore and Ohio Railroad acquired a majority of its capital stock. Concurrently, the B&O also gained control of the adjacent Buffalo, Rochester, and Pittsburgh Railway. The Baltimore and Ohio officially assumed operations of both railroads in 1932. In 1954, the Buffalo and Susquehanna Railroad, along with its remaining subsidiaries, was officially merged into the Baltimore and Ohio system. Subsequently, in 1956, the Baltimore and Ohio sold the remaining 97 miles (156 km) of the former Buffalo and Susquehanna track to the H. E. Salzberg Company, which established the Wellsville, Addison and Galeton Railroad to manage the line. Ultimately, the line was abandoned in 1979.
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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