Hartford and New Haven Railroad Co. - 1859 Railway Stock Certificate
Inv# RS5316 Stock
Small size Stock measures 7 3/4" x 5 1/4". The Hartford and New Haven Railroad (H&NH), chartered in 1833, was the first railroad built in the state of Connecticut and an important direct predecessor of the New York, New Haven and Hartford Railroad (the New Haven). The company was formed to connect the cities of New Haven, Connecticut, and Springfield, Massachusetts. It built northwards from New Haven, opening its first segment in 1838, and reaching Hartford in December 1839. The company reached Springfield in 1844 under the auspices of the Hartford and Springfield Railroad, a subsidiary chartered in Massachusetts. Branches were later built to Suffield, New Britain, and Middletown and operated by the Hartford and New Haven. The H&NH merged with the New York and New Haven Railroad in 1872, forming the New York, New Haven and Hartford Railroad.
The Hartford and New Haven Railroad's lines were merged into Penn Central Transportation Company with the rest of the bankrupt New Haven Railroad at the end of 1968; Penn Central itself went bankrupt and was merged into government-formed Conrail in 1976. At that time, Amtrak purchased the main line for passenger operations as its New Haven–Springfield Line, with Conrail handling freight operations and the various branches. Conrail sold its freight rights to the Connecticut Southern Railroad in 1996. Following track improvements and construction in the 2010s, in 2018 enhanced commuter rail service commenced, operated jointly by Amtrak and CT Rail. Read more at https://en.wikipedia.org/wiki/Hartford_and_New_Haven_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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