Buffalo and Susquehanna Railroad Co. - 1902 dated Stock Certificate
Inv# RS4799 StockStock printed by American Bank Note Company, New York. The Buffalo and Susquehanna Railroad was a railroad company that formerly operated in western and north central Pennsylvania and western New York. It was created in 1893 by the merger and consolidation of several smaller logging railroads. It operated independently until 1929, when a majority of its capital stock was purchased by the Baltimore and Ohio Railroad. At the same time, the B&O also purchased control of the neighboring Buffalo, Rochester, and Pittsburgh Railway. The Baltimore and Ohio officially took over operations of both roads in 1932.
In 1954, the Buffalo and Susquehanna Railroad and its remaining subsidiaries were formally merged into the Baltimore and Ohio system. Then in 1956, the Baltimore and Ohio sold the remaining 97 miles (156 km) of former Buffalo and Susquehanna track to the H. E. Salzberg Company, who organized the Wellsville, Addison and Galeton Railroad to operate the line. The line was finally abandoned in 1979. Read more at https://en.wikipedia.org/wiki/Buffalo_and_Susquehanna_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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