Utica and Waterville Railroad Co. - Railway Unissued Stock Certificate
Inv# RS2878 Stock
Unissued Stock. Printed by Jacques Sandmeyer Lith. Great Vignette.
The Utica, Clinton and Binghamton Railroad was a railroad in the state of New York. It was leased by the New York and Oswego Midland Railroad as a branch line in connection with the Rome and Clinton Railroad. After a few years under the Delaware and Hudson Company, it returned to the New York, Ontario and Western Railway system in 1886 and was known by its nickname, "The Peanut". It was later abandoned in 1942.
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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