New York Central Railroad Co. - Commodore Cornelius Vanderbilt Vignette - 1920's-60's dated Railway Stock Certificate
Inv# RS1134 Stock
Ohio
Pennsylvania
Railroad Stock. Great Commodore Vanderbilt portrait vignette. Elaborate printed seal. American Bank Note Co. Nice! Available in Blue, Brown or Orange. Please specify color.
The New York Central Railroad (reporting mark NYC) was a major railroad in the United States, operating mainly in the Great Lakes and Mid-Atlantic regions. It linked Greater New York and Boston in the east with Chicago and St. Louis in the Midwest, serving key cities such as Albany, Buffalo, Cleveland, Cincinnati, Detroit, and Syracuse. The railroad was headquartered in New York City's New York Central Building, located near its prominent station, Grand Central Terminal.
Established in 1853 through the consolidation of several existing railroads, the New York Central Railroad played a significant role in the development of the region. In 1968, it merged with its competitor, the Pennsylvania Railroad, to form Penn Central. Penn Central faced financial difficulties and declared bankruptcy in 1970, eventually merging into Conrail in 1976. When Conrail was broken up in 1998, its system was divided, with CSX Transportation and Norfolk Southern Railway acquiring its assets. CSX obtained most of the former New York Central trackage.
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), known as "the Commodore," was a prominent American business magnate who amassed his fortune in railroads and shipping. Starting in his father's business, Vanderbilt rose to prominence in the inland water trade before investing heavily in the burgeoning railroad industry, which significantly reshaped the American landscape. As one of the wealthiest Americans ever, he was a key figure in the influential Vanderbilt family and made a notable contribution to education by providing the initial funding to establish Vanderbilt University in Nashville, Tennessee. Historian H. Roger Grant stated: "Contemporaries, too, often hated or feared Vanderbilt or at least considered him an unmannered brute. While Vanderbilt could be a rascal, combative and cunning, he was much more a builder than a wrecker [...] being honorable, shrewd, and hard-working."
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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