Syracuse and Utica Railroad - 1836 dated Stock Certificate (Uncanceled)
Inv# RS2114 Stock
Unissued and Uncanceled. Signed by both officers. Choice, Mint Condition. Rare and very early!
The Syracuse and Utica Railroad was chartered May 1, 1836, and had to pay the state for any freight displaced from the Erie Canal. The full line opened July 4, 1839, extending the line further to Syracuse, New York to Rome, New York (and further to Auburn, New York via the already-opened Auburn and Syracuse Railroad). The road was consolidated into the New York Central Railroad in 1853.
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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