Erie Canal Co. - 1844 dated Pennsylvania Stock Certificate
Inv# CN1041 Stock
Early and Rare Stock! Erie, Pennsylvania. The Beaver and Erie Canal, also known as the Erie Extension Canal, was part of the Pennsylvania Canal system and consisted of three sections: the Beaver Division, the Shenango Division, and the Conneaut Division. The canal ran 136 miles (219 km) north–south near the western edge of the state from the Ohio River to Lake Erie through Beaver County, Lawrence County, Mercer County, Crawford County, and Erie County, Pennsylvania.
The southern terminus of the canal was the confluence of the Beaver River with the Ohio River in Beaver County about 20 miles (32 km) downstream from Pittsburgh, and the northern terminus was the city of Erie, in Erie County. The canal needed a total of 137 locks to overcome a change in elevation of 977 feet (298 m). Construction of the canal was meant to complete a transport network through northwestern Pennsylvania that would connect Lake Erie with the Ohio River; the Main Line of Public Works, a canal which joined Philadelphia to Pittsburgh; and the Erie Canal, which connected Albany, New York, to Lake Erie.
The Beaver Division, begun in 1831, extended 31 miles (50 km) from Beaver along the Beaver River and the Shenango River to Pulaski. In 1836, work began on the Shenango Division extension of 61 miles (98 km) from Pulaski to Conneaut Lake, and in 1838 contracts were awarded for the Conneaut Division to Erie, 45 miles (72 km) further north. Taking over the Conneaut Division from the state in 1843, the Erie Canal Company finished construction in 1844, when the entire length of the three divisions became open to traffic. Read more at https://en.wikipedia.org/wiki/Beaver_and_Erie_Canal
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.
Ebay ID: labarre_galleries