Old Colony and Newport Railway Co. - Railroad Stock Certificate
Inv# RS5239 Stock
Stock with red seal and 25 cents revenue stamp! The Old Colony and Newport Railway was formed in July 1863 when the Old Colony and Fall River Railroad merged with the Newport and Fall River Railroad, which had been incorporated in 1846 to build a road from Newport, Rhode Island to the Massachusetts state line at Fall River. However, the road from Fall River to the Rhode Island state line was not authorized by the Commonwealth of Massachusetts until 1860. The newly formed and renamed Old Colony and Newport Railway Company completed the final section of the line from Fall River to Newport which finally opened for service on February 5, 1864.
In 1865, the Old Colony and Newport Railway Company acquired the Dighton and Somerset Railroad. It completed a new, more direct route between Fall River and Boston via South Braintree on September 24, 1866. Part of the new route was over the Easton Branch Railroad between Stoughton and North Easton. In 1871 the Old Colony purchased the Easton Branch. A portion of the old Granite Railway line was acquired in 1870 and later extended to form a loop through West Quincy off the original Plymouth line. In 1872, the Old Colony & Newport Railway Corporation built the Shawmut Railroad as a connection between the Dorchester and Milton Branch and the main line to Boston. Read more at https://en.wikipedia.org/wiki/Old_Colony_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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