Poughkeepsie & Eastern Rail Road Co.
Poughkeepsie & Eastern Rail Road Co.
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Product Details
Beautifully engraved antique stock certificate from the Poughkeepsie & Eastern Rail Road Co. dating back to the 1870's. This document, which is signed by the company President and Secretary, was printed by Chas. M. Cornwell, Stationer, and measures approximately 10" (w) by 6 1/4" (h).
The certificate features a vignette of a train steaming past two men with horses and a paddlewheeler.
Images
You will receive the exact certificate pictured.
Please note cropping to borders.
Historical Context
The Poughkeepsie & Eastern Rail Road Company was incorporated in New York on April 23, 1866. This route ran from Poughkeepsie northeast to Pine Plains, then a short distance to Boston Corners in Columbia County before coming back down to State Line east of Millerton, where it made its connections with the Connecticut Western Railroad.
A primary mover behind the Poughkeepsie & Eastern Railroad was John Flack Winslow, who moved to Poughkeepsie from Troy, New York in 1867. Winslow is remembered mainly as the man who managed the building of the Monitor during the Civil War. He and Erastus Cornell owned the largest foundry on the Hudson River in Troy.
When Winslow was active in the Troy foundry operation, he obtained much of his iron ore from the Millerton/Dover Plains area in northeast Dutchess County. At that time the foundries operated by Edwin Bech obtained most of their ore from the Beekman/East Fishkill area. The ore was transported to Poughkeepsie by oxcart along plank roads that made transportation possible in rainy times.
Winslow developed the plan to organize a railroad from Millerton to Poughkeepsie. At this time most railroad development was private, so the money had to be raised from private individuals, but government approval to secure the right of way, using eminent domain if need be.
In June, 1874, the P&E went into the hands of a receiver and was sold in April, 1875, to George Pelton of Poughkeepsie, who reorganized it as the Poughkeepsie, Hartford and Boston Railroad Company. Operation continued as under the P&E management. Late in 1886 the PH&B was sold under foreclosure and in January was reorganized as the New York and Massachusetts Railway Company. Financial troubles continued until March, 1893, when the road was again sold under foreclosure. In the following month it was chartered as the Poughkeepsie and Eastern Railway Company, almost its original name. In June, 1898, the road once again went into receivership; nine years later, in 1907, it was merged into the Central New England System.
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
Shipping
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.