Lake Erie, Franklin and Clarion Railroad Co - Railway Stock Certificate
Inv# RS1109 Stock
Railroad Stock. Outstanding, large, impressive vignette of two steam trains, side by side. Great stock for framing. Quite special and Rare!!!
The Lake Erie, Franklin, and Clarion Railroad (reporting mark LEF) was a fifteen mile long short line that ran from a Conrail connection at Summerville, Pennsylvania, to Clarion, Pennsylvania, the county seat of Clarion County, and included a short branch from Sutton to Heidrick. The road was incorporated in 1913 as a consolidation of several other railroads, the Pennsylvania Northern, Pennsylvania Southern, and the Pittsburgh, Clarion and Franklin, which itself was formed from the Pittsburgh, Summerville, and Clarion [which began operation in 1904 and was leased to the Pennsylvania Southern in 1910. Length peaked at about 80 miles of track in around 1924. The corporate name was somewhat optimistic: the railroad never reached either Franklin or Lake Erie.
The line's yard and engine facility were located in Clarion, just south of U.S. route 322 and behind many of the buildings of Clarion University of Pennsylvania, formerly Clarion State Teachers' College. A section house was located at the siding to Hanley Brick, now Glen-Gary in Summerville. Motive power in the line's final years was four EMD MP15DC switchers #25-28, which replaced two earlier EMD SW1500s #23-24. During the final years when steam locomotives powered LEF&C trains, most of the road's locomotives were 2-8-0's which had been acquired second hand from other railroads. Read more at https://en.wikipedia.org/wiki/Lake_Erie,_Franklin_and_Clarion_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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