Ware River Railroad - circa 1940's Unissued Massachusetts Railway Stock Certificate
Inv# RS1258 Stock
Unissued Railroad Stock. Portrait of male in center. The Massachusetts Central Railroad (reporting mark MCER) is a short line railroad operating in western Massachusetts, USA. Founded in 1975, it serves portions of the Boston & Maine Wheelwright Branch, primarily around Bondsville (a village in Palmer) and Ware, and later extended service between Palmer and South Barre along the former route of the Ware River Railroad. The Ware River Railroad, an independent line established in 1868, originally connected Palmer to the Cheshire Railroad in Winchendon. The first segment, from Palmer to Gilbertville, opened in 1870, with the remainder completed by 1873. Initially, the railroad was leased to and operated by the New London Northern Railroad. Eventually, the Boston and Albany Railroad (B&A) took over the Ware River Railroad, operating it as the Winchendon Branch. The B&A intended to use the Ware River Line in conjunction with the Monadnock Railroad to access the resort areas of Peterborough, New Hampshire. However, when the B&A failed to secure control of the Monadnock Railroad, the Ware River Line proved to be less profitable.
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.
Ebay ID: labarre_galleries