Middletown and Unionville Railroad Co. - 1932 dated Railway Stock Certificate
Inv# RS5509 Stock
Stock printed by Corliss, Macy & Co. Inc., New York. Rare! Certificate #14! Staining. The Middletown and New Jersey Railroad (reporting mark MNJ) is one of two railroads in the city of Middletown, New York; the other being its interchange partner, Norfolk Southern Railway. The MNJ consists of 43 miles (69 km) of track in southeastern New York serving Orange County and the Hudson Valley.[1] The railroad also operates and has trackage rights on three additional branch lines (the Hudson Secondary, Maybrook and Walden Industrials, and Southern Tier) totalling 40 miles (64 km) leased from Norfolk Southern in Orange County. It was known as the Middletown and New Jersey Railway until 2009, when East Penn Railroad parent Regional Rail, LLC bought the line through a new subsidiary. In 2015, Regional Rail was in turn acquired by Levine Leichtman Capital Partners ("LLCP").
The railroad and its predecessors would roster a total of eight steam locomotives over the years, all bought second hand and none with a trailing truck. Three of these were camelback locomotives and the wheel arrangements included 4-4-0, 2-6-0, 4-6-0, and 2-8-0. The line's predecessor, the Middletown and Unionville Railroad (M&U), relied on the nearby New York, Ontario and Western shops for locomotive repairs and inspections and rented fifty-six different O&W locomotives in thirteen classes while its own was in the O&W shops. On April 23, 1944, the M&U retired the last railroad-owned steam locomotive and thereafter leased O&W locomotives and then NYS&W 2-10-0 "decapod" steam locomotives. Read more at https://en.wikipedia.org/wiki/Middletown_and_New_Jersey_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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