Oil Creek and Allegheny River Railway - Pennsylvania Railroad Stock Certificate
Inv# RS1153 Stock
Railroad Stock. Interesting scene with horses, train and river boat at top center vignette and small train vignette at bottom center. Rare!!!
The Oil Creek and Allegheny River Railway was a railroad in western Pennsylvania. Initially incorporated under a special act of Pennsylvania on 17 April 1861 as the Warren and Tidioute Railway, it changed its name first to the Warren and Franklin Railway on 31 March 1864, and finally to the Oil Creek and Allegheny River Railway on 26 February 1868, when it was consolidated with the Oil Creek Railroad, the Farmers Railroad, and the Oil City and Pithole Railroad.
In 1869, John Pitcairn was appointed its General Manager. The company was sold at foreclosure on 29 December 1875, and was acquired 8 February 1876 by the Pittsburgh, Titusville and Buffalo Railway, which eventually became part of the Western New York and Pennsylvania Railway and the Pennsylvania Railroad. In the period just prior to foreclosure, from 1874–75, the company's president was John Scott and its treasurer was H. A. Phillips. Read more at https://en.wikipedia.org/wiki/Oil_Creek_and_Allegheny_River_Railway
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.
Ebay ID: labarre_galleries