Ulster and Delaware Railroad - 1893-94 dated Unissued Railway Stock Certificate
Inv# RS2714 Stock
New York
Only 8 found issued. This is unissued. American Bank Note Co., NY. Superb Vignette! The Ulster and Delaware Railroad (U&D) was a railroad located in the state of New York. It was often advertised as "The Only All-Rail Route to the Catskill Mountains." At its greatest extent, the U&D extended 107 miles (172 km) from Kingston Point on the Hudson River through the Catskill Mountains to its western terminus at Oneonta, passing through the counties of Ulster, Delaware, Schoharie and Otsego. During the early 19th century waterways formed the principal transportation network in New York. An important point on this network was Rondout. Located at the confluence of Rondout Creek and the Hudson River, in 1828 it became the eastern terminus of the Delaware and Hudson Canal. Here cargo and passengers were transferred from canal boats to the larger vessels navigating the Hudson.
By the end of the Civil War, railroads were pre-empting waterways as the preferred method of transportation. Thomas Cornell, founder of the Cornell Steamboat Company and a resident of Rondout, was among those who noticed. Although Cornell made plenty of money from shipping, he planned a railroad that would bring supplies from towns in central or western New York to his port in Rondout. So Cornell chartered the Rondout and Oswego on April 3, 1866, with himself as the first president. Read more at https://en.wikipedia.org/wiki/Ulster_and_Delaware_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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