Rhode Island and Massachusetts Railroad - Unissued Railway Stock Certificate - Extremely Rare
Inv# RS2602 Stock
Rhode Island
Unissued Stock Certificate. Massachusetts Division. Printed by Cambridgeport Diary Company, Stationers, Boston. Extremely Rare!!
The Rhode Island and Massachusetts Railroad was chartered in 1875 and opened in 1877, connecting the main Boston line at Franklin to the Providence and Worcester Railroad at Valley Falls. The New York and New England Railroad leased it in 1887.
The New York and New England Railroad (NY&NE) was a railroad connecting southern New York State with Hartford, Connecticut; Providence, Rhode Island; and Boston, Massachusetts. It operated under that name from 1873 to 1893. Prior to 1873 it was known as the Boston, Hartford and Erie Railroad, which had been formed from several smaller railroads that dated back to 1846. After a bankruptcy in 1893, the NY&NE was reorganized and briefly operated as the New England Railroad before being leased to the competing New York, New Haven and Hartford Railroad in 1898.
Today, most of the original New York and New England lines have been abandoned. A segment in Massachusetts is now part of the MBTA's Franklin Line providing commuter rail service to South Station in Boston, and another segment near East Hartford and Manchester, Connecticut is used for freight service on the Connecticut Southern Railroad. Other portions in Connecticut and Rhode Island have been converted to rail trails.
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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