Providence and Worcester Railroad - dated 1960's Railway Stock Certificate
Inv# RS1184 StockRailroad Stock. Eagle. Franklin Lee Division of American Bank Note Co. Scarce! The Providence and Worcester Railroad (reporting mark PW) (NASDAQ: PWX) is a Class II railroad owned by Genesee & Wyoming. The railroad connects from Gardner in central Massachusetts, south through its namesake cities of Worcester and Providence, Rhode Island, and west from Rhode Island through Connecticut and into New York City. The railroad's connection between New Haven, Connecticut through New York City to Long Island is via trackage rights over the Hell Gate Bridge. In addition to the original main line between Providence and Worcester, and the East Providence Branch, the P&W owns or provides freight service on the following lines, identified by their original companies:
- Boston, Barre and Gardner Railroad, Worcester to Gardner
- Woonsocket and Pascoag Railroad, Woonsocket to Slatersville (North Smithfield)
- Old Colony Railroad Newport line, Massachusetts/Rhode Island state line to Newport (bridge out at the Sakonnet River)
- trackage rights over Amtrak's Northeast Corridor, Central Falls to New Haven
- East Junction Branch - branch of Boston and Providence Railroad, East Providence to Rhode Island/Massachusetts state line
- Norwich and Worcester Railroad, Worcester to Groton
- Southbridge Running Track - Southbridge and Blackstone Railroad, Webster to Southbridge
- Hartford, Providence and Fishkill Railroad, Plainfield to Willimantic
- New York and Boston Air Line Railroad, Middletown to New Haven
- Connecticut Valley Railroad, Hartford to Middletown
- Naugatuck Railroad, Devon to Derby (trackage rights over Metro-North Railroad)
- Danbury and Norwalk Railroad, Norwalk to Danbury
Read more at https://en.wikipedia.org/wiki/Providence_and_Worcester_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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