New York and Long Island Railroad Company
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Product Details
Beautifully engraved antique stock certificate from the New York and Long Island Railroad Company dating back to the early 1900's. This document, which was printed by Charles A. Searing, is signed by the company Vice President and Secretary, and measures approximately 11" (w) by 7 1/4" (h).
This certificate's fantastic vignette features a train in the mountains crossing a wooden bridge. An eagle with its wings outstretched looks down at the train.
Images
You will receive the exact certificate pictured.
Historical Context
The New York and Long Island Railroad Company was organized to build a railroad tunnel connecting the New York Central Railroad in Manhattan to the Long Island Railroad at Hunter's Point in Long Island City.
Ground-breaking for construction began in June 1892 in Long Island City. A few months later on December 28, 1892 the project came to a halt when there was a huge dynamite explosion that killed five and injured more than 20 people. After the explosion, when newspapers claimed he was president of the company, William Steinway (of the Steinway piano maker family,) a majority shareholder and leader of the enterprise, was quick to issue a correction. At the inquest the jury ruling on the tragedy was unable to determine a specific cause for the explosion.
Following years of inaction the construction company became insolvent, and Steinway reported a movement to appoint a receiver for the New York and Long Island Railroad Company. After Steinway died in November 1896 his heirs (in 1905) sold his 425 shares in the company for $92,694.
In 1905 the Interborough Rapid Transit Company resumed construction of the tunnel and completed work 26 months later. Official opening of the tunnel occurred on September 24, 1907, when the Mayor and other dignitaries attended and celebrated afterwards with dinner at the Belmont Hotel. Steinway's dream finally had been realized, and the newer constructions are often referred to as the "Steinway Tunnels."
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.
