Beech Creek Railroad transferred to Cornelius Vanderbilt II - 1873-88 dated New York Railway Stock Certificate
Inv# AG1345 Stock
Cornelius Vanderbilt II was a Railroad Financier and Son of William H. Vanderbilt. President-NY & Harlem RR from 1886-1899. Stock dated 1886-87 transferred at back to Cornelius. Minor glue at left border. Superb Graphics by American Bank Note.
Cornelius "Corneil" Vanderbilt II (November 27, 1843 – September 12, 1899) was an American socialite and a member of the distinguished Vanderbilt family in the United States. He was the favored grandson of Commodore Cornelius Vanderbilt, who left him a legacy of $5 million, and the eldest son of William Henry "Billy" Vanderbilt (who bequeathed him approximately $70 million) and Maria Louisa Kissam. Subsequently, he took over as the chairman and president of the New York Central and associated railroad lines in 1885.
The Beech Creek Railroad was a defunct railroad that functioned in central Pennsylvania, connecting Jersey Shore and Mahaffey. Initially chartered in 1882, it was leased by the New York Central and Hudson River Railroad (which later became the New York Central Railroad) in 1890 and was subsequently operated directly by that company. A significant portion of the line was abandoned during the latter half of the 20th century, although sections at both ends remain operational. The company was originally established as the Susquehanna and South Western Railroad on August 12, 1882. The charter of that company outlined plans for a 100-mile (160 km) line extending from Williamsport, Pennsylvania, to the southern boundary of Clearfield County. The proposed line was initiated with support from the New York Central Railroad, as part of a comprehensive strategy to secure access to bituminous coal reserves.
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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