International Railway-Tie Co. - Stock Certificate
Inv# RS2773 Stock
State(s):
New York
Years:
188-
Unissued Stock. Very Unusual! The International Railway-Tie Company was incorporated in the 1880’s in the state of New York. Really interesting piece with a vignette detailing the company’s product, and a nice, rich green underprint.
Excerpt from “Report on the Relation of Railroads to Forest”
“The International Railway Tie Company at Boston offer a steel tie which has for a short time been in experimental use on the Boston and Maine and Maine Central Railroads. It is of simple construction, weighing 150 pounds, and can be made at $1.25 per tie. The only objection to it so far found has been a tendency to blow out the ballast, as might have been expected on account of the open ends of the tie. According to latest advice improvements in the construction of the tie remove this objection, and by simplification the price can be reduced to nearly 75 cents per tie.”
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.
Item ordered may not be exact piece shown. All original and authentic.
Ebay ID: labarre_galleries