Central Trunk Railway Co. - 1887-1909 dated Railroad Stock Certificate
Inv# RS4098 Stock
Pennsylvania
Stock. Rare! The Central Trunk Railway was formed in 1868; it used a charter for a line from Jamestown to the state line that was owned by Dr. Gibson of Jamestown (his mausoleum is at the Jamestown cemetery). After an undetermined start in the 1860s and several postponements, the line from Ashtabula to Jamestown (via Jefferson, Dorset, and Andover) was completed in 1871 by the Lake Shore & Michigan Southern (Lake Shore's new name).
Now the LS&MS could offer an unrestricted route that was the most direct from the oil region to Rockefeller's refineries in Cleveland; it gave them an advantage over the A&GW and PRR. The competition to get Rockefeller's traffic started to end with completion of the first successful interstate pipeline from the oil region to Cleveland in 1879-80. Oil related traffic continued to be a significant part of the line's fortunes until middle of 20th Century, but the bulk of the unrefined product was not on the rails. Read more at Abandonrails.com
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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