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Collection Title: Railroad Stock & Bond Certificate Collection

Collection Number: M 348

Dates: ca. mid 1800's - ca. early 1900's

Volume: .50 cu.ft.

Provenance: Donated by Mr. Kenneth W. Rendell.

Copyright: This collection may be protected from unauthorized copying by the Copyright Law of the United States (Title 17, United States Code).

Biographical/Historical Sketch:

In the early nineteenth century the United States turned to the railroad to fulfill its need for transportation. In 1828 two railroad companies began construction of the first U.S. railroads, and once completed, a line from Charleston, South Carolina to just short of Augusta, Georgia, spanned one hundred thirty-six miles, and a line from Baltimore to interior Maryland spanned thirteen miles.

During the railroad's developmental era, 1830-1843, needed changes in railroad technology occurred including the development of steel rails, and the use of cross ties, which maintained a rigid gauge under the multi-ton trains. By 1843 some three thousand miles of track were constructed in the United States. From this time onward railroad companies became more interested in building railroad networks, and planning a transcontinental railroad. By 1865 thirty-five thousand miles of railroad had been constructed in the nation, and by 1880 the total had grown to ninety-three thousand miles. During the late nineteenth century railroad's many technological improvements; such as making the English gauge standard for all roads, developing standard time zones, and building larger engines with larger payloads, resulted in a decline in freight rates and assisted a booming industrial economy. The nation's freight movements of ten billion ton-miles in 1865 had increased to three hundred sixty-six billion ton-miles by 1917. By satisfying the United States' need for transportation the railroad had played a major role in the nation's industrialization, and her current economic strength.

Scope and Content:

This collection consists of more than one hundred seventy stock and bond certificates issued from the mid 1800's to the early 1900's by various railroad companies throughout the North Eastern and Mid-Western United States. A few bond certificates issued by the city of Philadelphia, Pennsylvania are also present. Many of the documents are decoratively and intricately illustrated. Some display images of nature, trains, lumber work, and railroad structures, and nearly all contain vital information about the companies they represent. Most of the stock certificates reveal such information as capital shares of the company, price per share, and date and location of incorporation. The bond certificates similarly agree to a date of repayment and guarantee a specific rate of interest. Of particular interest is a bond certificate of the Michigan Central Railroad Company signed by transportation entrepreneur Cornelius Vanderbilt.

Related Collections:

M169 Railroad Collection, 1913-1937

 

Box and Folder List:

Folder 1 Stock Certificates:
  Miscellaneous Railroad Companies (C-M)
Chicago and Canada Southern Railway Company
Cincinnati, Hamilton & Dayton Rail Road Company
Cincinnati and Indiana Railroad Company
Cincinnati, Indianapolis, St. Louis, and Chicago Railway Company
Cincinnati Northern Railroad Company
Cincinnati, Sandusky, and Cleveland Rail Road Company
Cincinnati, Wabash, and Michigan Railway Company
Cleveland, Columbus, Cincinnati, and Indianapolis Railway Company
Cleveland & Erie Rail Road Company
Cleveland, Painesville & Ashtabula Railroad Company
Cleveland & Toledo Rail Road Company
Columbus, Springfield & Cincinnati Rail Road Company
Detroit, Monroe & Toledo Railroad Company
Dunkirk, Warren & Pittsburgh Railway Company
Erie and North East Rail-Road Company
Erie & Ohio Rail Road Company
Geneva, Corning, and Southern Rail Road Company
Harrison Branch Company
Illiana Coal Company
Junction Rail Road Company
Kanawha & Michigan Railway Company
Lake Erie, Youngstown & Southern Railroad Company
Lake Shore Railway Company
Little Falls & Dolgeville Railroad Company
McKeesport and Bellevernon Railroad Company
Mahoning Coal Railroad Company
Merchants Dispatch Transportation Company
Michigan, Midland, and Canada Railroad Company
Michigan Southern Rail Road Company
Folder 2 Stock Certificates:
  Miscellaneous Railroad Companies (N-W)
National Stock Yard Company
New Jersey Junction Railroad Company
New York and Fort Lee Railroad Company
New-York & Mahopac Railroad Company
New York and Northern Railway Company
New York & Ottowa Railway Company
New York, West Shore and Buffalo Railway Company
Niagara Falls Branch Railroad Company
Norwood & Montreal Railroad Company
Ontario Pacific Railway Company
The Peoria and Eastern Railway Company
Pittsfield and North Adams Railroad
Rome, Watertown & Ogdensburgh Rail Road Company
St. Joseph, South Bend & Southern Railroad Company
St. Lawrence and Adirondack Railway Company
Schoolcraft and Three Rivers Railroad Company
Spuyten, Duyvil, and Port Morris Railroad Company
State Line & Stony Point Railroad Company
Susquehanna & Clearfield Railroad Company
Swan Creek Railway Company
Syracuse, Chenango, and New York Railway Company
Syracuse and Chenango Railroad Company
Syracuse, Geneva, and Corning Railway Company
Syracuse, Ontario & New York Railway Company
Syracuse & Utica Rail Road Company
Toledo & Michigan Belt Railway Company
Toledo and Ohio Central Railway Company
Ulster and Delaware Railroad Company
Wallkill Valley Railroad Company
Ware River Rail Road Company
West Shore Railroad Company
Folder 3 Stock Certificates:
  Michigan Southern and Northern Indiana Railroad Company
Folder 4 Stock Certificates:
  Northern Indiana Railroad Company
Folder 5 Stock Certificates:
  Utica and Schenectady Railroad Company
Folder 6 Stock Certificates:
  White Water Railroad Company
Folder 7 Bond Certificates:
  Miscellaneous Railroad Companies (C-W)
Canada Southern Railway Company
Cincinnati, Hamilton & Dayton Rail Road Company
Cleveland, Chicago, and St. Louis Railway Company
Cleveland, Painesville, and Ashtabula Rail Road Company
Oswego & Rome Railroad Company
Pittsburgh and Connelsville Railroad Company
Rome, Watertown, and Ogdensburgh Railroad Company
White Water Railroad Company
Folder 8 Bond Certificates:
  The Lake Shore and Michigan Southern Railway Company
Folder 9 Bond Certificates:
  Michigan Central Railroad Company
Folder 10 Bond Certificates:
  The City of Philadelphia, Pennsylvania



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Revised: March 24, 2004