Elmira, Jefferson and Canandaiqua Railroad - Beautiful Railway Stock Certificate
Inv# RS2861 Stock
Printed by E. B. Clayton’s Sons. Scarce! Pretty!
The foreclosed Elmira, Canandaigua and Niagara Falls RR was reorganized on February 18, 1859, as the Elmira, Jefferson and Canandaigua Railroad Company. The Erie continued to operate the Elmira, Jefferson & Canandaigua RR, which in turn operated the Chemung RR, until January 19, 1866. The two lines were then leased to the Northern Central Railway to replace an unsatisfactory joint routing over the Buffalo, New York and Erie Railroad; the line to be given a third (standard gauge) rail by May 1, when the lease was to take effect.
The Sodus Point and Southern Rail Road Company was incorporated on March 19, 1852, under the general law of New York State. The railroad was not finished until January 16, 1873, when it opened between Sodus Point and Gorham. It became apparent that a connection at Gorham would not soon be forthcoming, and the line between Gorham and the Elmira, Jefferson & Canandaigua RR connection at Stanley was abandoned on February 16, 1873. The Sodus Point & Southern RR was sold at foreclosure on September 21, 1875, and reorganized on November 30, 1875, as the Ontario Southern Railroad Company.
The Chemung RR, Elmira, Jefferson & Canandaigua RR, and Sodus Bay & Southern Ry. were consolidated on December 31, 1886, to form the Elmira and Lake Ontario Railroad Company, a continuous line from the Erie interchange at Horseheads to Sodus Point, with a branch from Stanley to Canandaigua. It was leased and operated by the Northern Central, which reached it via the Elmira and Williamsport Railroad, another subsidiary, and trackage rights over the Erie from Elmira to Horseheads. The lease was transferred to the PRR, which controlled the Northern Central, on January 1, 1911.
A short line from Canandaigua to a pier on Canandaigua Lake was built by the Canandaigua Lake Railroad Company, incorporated July 21, 1887, which was merged into the Elmira & Lake Ontario on December 27, 1888.
The principal purpose of the railroad was to serve as an outlet for coal shipments from the mines tapped by the Northern Central, using the coal pier at Sodus Bay to ship to markets on the Great Lakes.
Parent Pennsylvania Railroad acquired control of the connecting Newark and Marion Railway on May 4, 1930, and merged it into the Elmira & Lake Ontario a year later. On January 31, 1956, the Elmira & Lake Ontario was merged into the Northern Central Railway. Read more at https://en.wikipedia.org/wiki/Elmira_and_Lake_Ontario_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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