Chesapeake and Western Railroad Co. - 1899 dated Railway Stock Certificate
Inv# RS5082 Stock
Stock printed by Franklin Bank Note Company, NY. Georgeous! Very Rare! The Chesapeake Western Railway (reporting mark CHW) is an intrastate railroad in west-central Virginia and it is an operating subsidiary of the Norfolk Southern Railway. It extended from Elkton, Virginia on the South Fork of the Shenandoah River in Rockingham County to Stokesville, Virginia in Augusta County at the foot of the Allegheny Mountains. At Elkton, it interchanged with the Norfolk and Western Railway. At Harrisonburg, Virginia it interchanged with the Southern Railway.
Construction began in 1895 in Harrisonburg by the Chesapeake and Western Railroad, and proceed both east and west. To the west, Bridgewater, Virginia was the original terminus, but the line was extended to Stokesville by 1901 by the newly reorganized Chesapeake Western Railway. In 1933 the line was cut back to Bridgewater, and later to Dayton, Virginia. To the east the line reached Elkton by 1896, where the line's main yard and shops were constructed. Read more at https://en.wikipedia.org/wiki/Chesapeake_Western_Railway
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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