Tioga Rail Road Company
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Product Details
CompanyTioga Rail Road Company
Certificate Type
Preferred Consolidated Stock
Date Issued
Unissued, circa 1800's
Canceled
No
Printer
John C. Clark
Signatures
NA
Approximate Size
10" (w) by 7 1/4" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Reference
Historical Context
In 1833, The Tioga Navigation Company (PA), and the Tioga Railroad (NY) were given permission to construct a rail system to carry coal and lumber from Blossburg, PA north to Corning, NY. Each state would only allow rails to be built to their respective state line; the New York section later became the Corning & Blossburg. At Corning, coal and lumber arriving by the Tioga, was loaded onto canal boats which took a circuitous route via the Chemung Canal extension to Horseheads, NY. From there, it went by the Chemung Canal to Watkins, to be loaded on larger craft, and taken north on Seneca Lake, to be marketed.
When it commenced initial operation, this was one of "the oldest railroads in the U.S., built expressly to carry coal." Together, the continuous line from Blossburg to Corning totalled 46+ miles. The combined railroad was leased to the Tioga Railroad Company. In 1852, the Tioga Railroad built a line from Blossburg to the coal mines at Morris Run.
The New York section of the road, extending from Corning to Lawrenceville, fell into debt, and was purchased by John Magee, who reorganized the rail line as Blossburg & Corning (B&C). He made major improvements to the track and the facilities (including making the track gauge a standard 6 feet, allowing the Tioga to connect to the Erie Railroad at Corning), and convinced the owners of the Pennsylvania section, the Tioga Railroad Company, to do the same. The B&C owned the rail line only; all equipment and rolling stock was owned by the Fall Brook Coal Company. In 1869, the line was leased to the Fall Brook Coal Company.
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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!
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