Genesee and Water Street Railroad Co of Syracuse - Stock Certificate
Inv# RS1085 Stock
Railroad Stock. Vignette with two ladies sitting at top center and another vignette in lower left corner of an eagle. 1860's period. Unissued.
The Genesee and Water Street Railroad, a horse-drawn street trolley in Syracuse, New York, was established in 1865. The company was one of three different railways that were awarded operation franchise rights to run cars in James Street. The firm also secured the franchise to operate cars in Westcott Street, to South Beech Street, Euclid Avenue, College Place, University Place, Walnut Avenue and Madison Street.
The road merged with Syracuse Consolidated Street Railway in 1890, after an agreement was made that allowed the new company to lease the lines.
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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