Lehigh Valley Railroad Co. - 1892-1901 dated Pennsylvania Railway Stock Certificate
Inv# RS4115 Stock
Stock printed by NY Bank Note. Scarce! Please specify color. Different colors also have different share values. Please inquire via email. Very rare!
The Lehigh Valley Railroad (reporting mark LV) was one of a number of railroads built in the northeastern United States primarily to haul anthracite coal from the Pennsylvania Coal Region. The railroad was authorized on April 21, 1846, for freight and transportation of passengers, goods, wares, merchandise and minerals in the U.S. state of Pennsylvania and the railroad was incorporated/established on September 20, 1847, as the Delaware, Lehigh, Schuylkill and Susquehanna Railroad Company. On January 7, 1853, the railroad's name was changed to Lehigh Valley Railroad. It was sometimes known as the Route of the Black Diamond, named after the anthracite it transported. At the time, anthracite was transported by boat down the Lehigh River; the railroad was meant to be faster transportation. The railroad ended operations in 1976 and merged into Conrail along with several northeastern railroads that same year.
The Lehigh Valley Railroad's original and primary route between Easton, Pennsylvania, and Allentown, Pennsylvania was built in 1855. The line later expanded past Allentown to Buffalo, New York and past Easton to New York City, bringing the Lehigh Valley Railroad to these metro areas. By 31 Dec 1925, the railroad controlled 1363.7 miles of road and 3533.3 miles of track; as of 31 Dec 1970, this had dwindled to 927 miles of road and 1963 miles of track. Conrail maintained the line as a main line into the New York City area. The line became known as the Lehigh Line during Conrail ownership. Conrail abandoned most of the route in New York State to Buffalo fairly soon after 1976, considerably shortening the line. Read more at https://en.wikipedia.org/wiki/Lehigh_Valley_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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