Hudson River Railroad - New York Railway Transfer Receipt dated 1864 or 1865
Inv# RS1247 Stock
Railroad Stock. No vignette. In 1867, Cornelius Vanderbilt acquired control of the Albany to Buffalo-running NYC, with the help of maneuverings related to the Hudson River Bridge in Albany. On November 1, 1869, he merged the NYC with his Hudson River Railroad to form the New York Central and Hudson River Railroad. This extended the system south from Albany along the east bank of the Hudson River to New York City, with the leased Troy and Greenbush Railroad running from Albany north to Troy.
Vanderbilt's other lines were operated as part of the NYC; these included the New York and Harlem Railroad, Lake Shore and Michigan Southern Railway, Canada Southern Railway and Michigan Central Railroad. Read more at https://en.wikipedia.org/wiki/New_York_Central_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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