Syracuse and Utica Rail Road Co. - circa 1840's Unissued Railway Stock Certificate
Inv# RS5208B Stock
Unissued Stock. The Syracuse and Utica Railroad received its charter on May 1, 1836, and was required to compensate the state for any freight that was diverted from the Erie Canal. The entire line was inaugurated on July 4, 1839, extending from Syracuse, New York, to Rome, New York, and further to Auburn, New York, utilizing the previously established Auburn and Syracuse Railroad. In 1853, the railroad was merged into the New York Central 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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