Western Maryland Railway Co. - 1950's dated Maryland Railroad Stock Certificate
Inv# RS1228 StockPennsylvania
Railroad Stock. Mercury racing diesel locomotive. American Bank Note Co. Nice! Available in Blue, Green or Olive. Please specify color. The Western Maryland Railway was an American Class I railroad (1852–1983) which operated in Maryland, West Virginia, and Pennsylvania. It was primarily a coal hauling and freight railroad, with a small passenger train operation. The WM became a property of the Chessie System holding company in 1973, although it continued independent operations until May 1975 after which time many of its lines were abandoned in favor of parallel Baltimore and Ohio Railroad lines. In 1983 it was fully merged into the Baltimore & Ohio Railroad, which later was also merged with the former Chesapeake and Ohio Railroad into the Chessie System in 1987, which is now renamed as CSX Transportation.
The original main line began with the chartering of the Baltimore, Carroll and Frederick Railroad in 1852, with the intent of building a rail line from Baltimore west to Washington County, Maryland. The Maryland General Assembly changed the name of the company to the Western Maryland Rail Road Company in 1853, and construction began from Owings Mills in 1857. An existing Northern Central Railway branch line terminating at Owings Mills was used to connect into Baltimore. The railroad was completed to Westminster in 1861 and Union Bridge in 1862. Further expansion was delayed because of the Civil War. Westward construction resumed in 1868 under Chief Engineer Joseph S. Gitt, and the line was completed to Hagerstown in 1872. This section became the East Subdivision. The company's first major car shops were established at Union Bridge. Read more at https://en.wikipedia.org/wiki/Western_Maryland_Railway
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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