Peterborough Railroad - 1870's dated New Hampshire Railway Stock Certificate
Inv# RS1163 Stock
Railroad Stock. No vignette but red seal. Interesting stock from the rare state of New Hampshire! Operated from 1866 to 1944. Succeeded by the Boston & Maine Railroad System.
The Boston & Maine Railroad (reporting mark BM) was a U.S. Class I railroad in northern New England. Originally chartered in 1835, it became part of what was the Pan Am Railways network in 1983 (most of which was purchased by CSX in 2022). At the end of 1970, B&M operated 1,515 route-miles (2,438 km) on 2,481 miles (3,993 km) of track, not including Springfield Terminal. That year it reported 2,744 million ton-miles of revenue freight & 92 million passenger-miles.
The Andover & Wilmington Railroad was incorporated March 15, 1833, to build a branch from the Boston & Lowell Railroad at Wilmington, Massachusetts, north to Andover, Massachusetts. The line opened to Andover on August 8, 1836. The name was changed to the Andover & Haverhill Railroad on April 18, 1837, reflecting plans to build further to Haverhill, Massachusetts (opened later that year), & yet further to Portland, Maine, w/ renaming to the Boston & Portland Railroad on April 3, 1839, opening to the New Hampshire state line in 1840. Read more at https://en.wikipedia.org/wiki/Boston_and_Maine_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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