Lehigh and Hudson River Railway Co. - Railroad Stock Certificate
Inv# RS4476B Stock
Unissued Stock printed by Franklin Lee Division-American Bank Note Co. The Lehigh and Hudson River Railway (L&HR) was the smallest of the six railroads merged into Conrail in 1976. It served as a bridge line running northeast–southwest through northwestern New Jersey, linking the Poughkeepsie Bridge at Maybrook, New York, with Easton, Pennsylvania, where it connected with various other railroads.
The origins of the L&HR trace back to the Warwick Valley Railroad, founded on March 8, 1860, by a group of local dairymen and business owners led by Grinnell Burt (1822–1901). The purpose of the Warwick Valley Railroad was to connect the mainline of the New York and Erie Railroad at Greycourt, New York, to Warwick, New York. The line opened in 1862 and initially operated as a branch of the broad-gauged Erie 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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