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New York, New Haven and Hartford Railroad Co. - Triple Vignette - 1910's dated Railway Stock Certificate - Very Rare

Inv# RS4040   Stock
State(s): Connecticut
Delaware
New York
Years: 1910's
Color: Green and Black

Stock printed by American Bank Note Co., New York. Very Scarce! The New York, New Haven and Hartford Railroad (reporting mark NH), commonly known simply as the New Haven, was a railroad that operated in the New England region of the United States from 1872 to 1968, dominating the region's rail traffic for the first half of the 20th century.

Beginning in the 1890s and accelerating in 1903, New York banker J. P. Morgan sought to monopolize New England transportation by arranging the NH's acquisition of 50 companies, including other railroads and steamship lines, and building a network of electrified trolley lines that provided interurban transportation for all of southern New England. By 1912, the New Haven operated more than 2,000 miles (3,200 km) of track, with 120,000 employees, and practically monopolized traffic in a wide swath from Boston to New York City.

This quest for monopoly angered Progressive Era reformers, alienated public opinion, resulted in high prices for acquisitions, and increased construction costs. Debt soared from $14 million in 1903 to $242 million in 1913, while the advent of automobiles, trucks and buses reduced railroad profits. Also in 1913, the federal government filed an antitrust lawsuit that forced the NH to divest its trolley systems. Read more at https://en.wikipedia.org/wiki/New_York,_New_Haven_and_Hartford_Railroad

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK