Franklin and Clearfield Railroad Co. - 1903 dated Railway Stock Certificate - Ra for Sale

On eBay Now...

Franklin and Clearfield Railroad Co. - 1903 dated Railway Stock Certificate - Ra For Sale

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Franklin and Clearfield Railroad Co. - 1903 dated Railway Stock Certificate - Ra:
$49.50

Stock. On January 26, 1909, the Jamestown and Franklin Railroad, the Central Trunk Railroad, the Franklin and Clearfield Railroad, and the Jackson Coal Railroad consolidated to create the Jamestown, Franklin and Clearfield Railroad. When the consolidation was complete, the LS&MS purchased 2,535 shares of stock of the company in exchange for forgiving a portion of the debt it had incurred in building the lines of these roads. The New York Central and Hudson River Railroad acquired a controlling majority in the LS&MS in 1877. In 1914, an asset restructuring and refinancing of the New York Central led to the abolishment of all subsidiary corporations and their consolidation into a new New York Central Railroad. On April 7, 1915, the New York Central (NYC) purchased the Jamestown, Franklin and Clearfield Railroad in a debt-for-ownership exchange. The NYC then abolished the separate corporate existence of the Jamestown, Franklin and Clearfield Railroad. Read more at Item ordered may not be exact piece shown. All original and authentic.