Lehigh and New York Railroad Company
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You will receive the exact certificate pictured
Over 125 years old
Preferred stock
Circa 1890's
Unissued, uncanceled
Franklin Bank Note Company
Not signed
11 1/2" (w) by 7 1/4" (h)
NA
Historical Context
The Lake Ontario, Auburn and New York Railroad, chartered in 1852, had graded a line between Fair Haven and Auburn, New York, but ran out of money without ever laying track. The new Southern Central Railroad was chartered on September 6, 1865, to complete this work and build a line from Fair Haven due south to Owego, New York, where it could interchange traffic with the Erie Railroad. The railroad opened between Owego and Auburn on March 8, 1870.
The Erie was at that time still a broad-gauge railroad, which made interchange with the standard gauge Southern Central difficult. With financial assistance from the Lehigh Valley Railroad, the Southern Central built south from Owego toward the state line at Athens, Pennsylvania (later Sayre), and an interchange with the Pennsylvania and New York Railroad, a Lehigh Valley Railroad company. This extension opened on January 3, 1871. The northern part of the line to Fair Haven finally opened on December 1, 1871.
Financial problems led to the Lehigh Valley leasing the company in 1887.[6] The debts were such that, in 1895, the Lehigh Valley formed a subsidiary, the Lehigh and New York Railroad, to buy the Southern Central in a foreclosure sale, after which the Lehigh Valley leased the Lehigh and New York. The latter company was merged into the Lehigh Valley at the end of 1949. Under the Lehigh Valley, the line was known first as the Lehigh and New York Branch; then later as the Auburn Branch.
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