Grand River Valley Railroad Co. - Stock Certificate
Inv# RS1086 Stock
Railroad Stock printed by American Bank Note Company, New York. Superb steam train in station. Great engraved quality. Rare! Available Unissued for $25.
In 1870, the GRVR was leased in perpetuity to the Michigan Central Railroad, which was part of the New York Central "empire". This line was the New York Central's main line to Grand Rapids, Michigan's second largest city. Passenger service ended in 1959. The line was abandoned by NYC successor PennCentral and operated briefly by the Kent, Barry and Eaton Connecting RR, with a state subsidy. State money ran out and the rails were removed in the 1980's.
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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