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Related Collections 鈽

New York, Ontario & Western Railway

Railroads

New York Railroads

Hudson Valley Railroads

New Jersey Railroads

Pennsylvania Railroads

New York Central Railroad

New York, New Haven & Hartford Railroad

Delaware, Lackawanna & Western Railroad

New York & Oswego Midland Railroad

West Shore Railroad

Delaware & Hudson Railroad

Utica, Clinton & Binghamton Railroad

Hudson Valley

Utica

Manhattan

New York

Weehawken

New Jersey

Scranton

Pennsylvania

New York, Ontario and Western Railway Company

SKU: 537or
New York, Ontario and Western Railway Company Stock Certificate
New York, Ontario and Western Railway Company Stock Certificate
New York, Ontario and Western Railway Company Stock Certificate
New York, Ontario and Western Railway Company Stock Certificate
New York, Ontario and Western Railway Company Stock Certificate
New York, Ontario and Western Railway Company Stock Certificate

New York, Ontario and Western Railway Company

SKU: 537or
  • Only one piece available...
  • Inventory on the way
$12.00
/
Color

You will receive the exact certificate pictured




Guaranteed authentic




Over 75 years old




Common stock



January 25, 1938 (orange)
August 16, 1935 (brown)
May 24, 1937 (green)




Issued, canceled




American聽Bank Note Company




Hand signed




11 1/2" (w) by 7 1/2" (h)




NA

New York, Ontario & Western Railway Timeline

New York & Oswego Midland Railroad

1866

The New York and Oswego Midland Railroad was chartered under the direction of Dewitt C. Littlejohn, who envisioned a railroad serving a direct connection from the docks opposite New York City to Lake Ontario at Oswego.

Construction Begins

1868

Construction on the line north of Middletown, New York began and was completed in 1873. Branches were also constructed to聽Ellenville,聽Delhi聽and聽New Berlin, New York; a branch was begun to Auburn from Norwich, but it only was constructed to Scipio Center before being sold to the聽Utica, Ithaca and Elmira Railroad聽in 1876.

Exchange Place, Jersey City

1869

The line began using the聽Pennsylvania Railroad's station at聽Exchange Place聽in Jersey City, New Jersey, which provided its passengers with ferry access to the聽Cortlandt Street Ferry Depot聽in lower Manhattan and the聽Desbrosses Street Ferry.

Access to New York City

1882

Access to New York City was provided by the Middletown, Unionville and Water Gap Railroad and the聽New Jersey Midland Railway聽

Falling on Tough Times

1873

With the聽Panic of 1873, the company began to fold, and it severed its ties with the New Jersey Midland Railroad and the Middletown, Union & Water Gap Railroad.

The Oswego & Midland Railroad

1880

In 1880, O&W inherited the New York & Oswego Midland's lines. The O&W improved the main line by providing a new route to the New York City area from聽Middletown, New York聽which extended to聽Cornwall聽on the聽Hudson River聽and then to聽Weehawken Terminal. This development was made possible by negotiating trackage-rights from the聽New York, West Shore & Buffalo Railway,聽later part of the聽New York Central聽system.

Reaching New York Resorts

1886

O&W acquired the operations of both the聽Utica, Clinton & Binghamton聽and the聽Rome & Clinton聽railroads from the聽Delaware & Hudson Canal Company. By acquisition of these assets and construction of a new line to聽Sylvan Beach聽on the east shore of聽Lake Oneida, the O&W extended its operations into new market areas, and the Sylvan Beach Loop became a seasonally-significant corridor by providing transportation to central New York's recreational resort area.

Two New Branches

1889

Card Title

The O&W added two new branches, New Berlin to聽Edmeston, and聽Port Jervis聽to聽Monticello, connecting to the main line at聽Summitville, New York.

Reaching Scranton

1890

Card Title

The O&W constructed a 54-mile branch from聽Cadosia, New York, to聽Scranton, Pennsylvania, through the rich聽anthracite聽coal reserves in Pennsylvania's Lackawanna Valley. Revenues from this new Scranton Division strengthened O&W's revenues and provided the means for future improvements to the railroad.

The OW Logo

1892

The railroad's W-in-O logo first appeared.

The New Haven Takes Control

1904

During the ill-fated "Morganization" of the New York, New Haven and Hartford Railroad (NH), the railroad acquired control of the O&W and installed NH president Charles Sanger Mellen as president for a year. Regulatory difficulties frustrated Mellen's plans to barter the O&W to the New York Central Railroad for concessions elsewhere.

The Beginning of the Decline

1920's & 1930's

Anthracite coal began waning as a fuel source in the 1920s, replaced by petroleum. Because of its higher mining costs, it was not suitable for industry use.聽1聽Improved roads into the Catskill Mountains caused passenger traffic to decline dramatically by the 1930s.

Loan Default

1937

On Feb, 25, 1937, the O&W advised the holders of it鈥檚 Refunding Mortgage Bonds, due in 1992, that it could not pay the interest due on March 1. Two of the three railroad-owned collieries had earlier defaulted on their loans from the railroad. This, coupled with an overall decease in anthracite tonnage, reduced freight rates, increased taxes and other increased expenses caused the railroad to default on its financial obligations,. As a result, O&W entered a voluntary bankruptcy.

Liquidation

1957

Facing a bleak future, with creditors increasingly calling for the railroad to sell off its assets and recover their losses, the bankruptcy ordered the O&W to be liquidated.

Are the certificates offered on your site genuine or reproductions?

All of our pieces are genuine - 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.

All of our pieces are genuine - 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.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

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!

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!

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.聽聽

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.聽聽

How will you ship my order and how much do you charge?聽

We ship all orders via the United States Postal Service.聽Most domestic orders are shipped via Ground Advantage.聽USPS International, Priority and Express Mail, UPS and聽DHL services are also available, and costs are calculated during checkout.聽Current charges may be reviewed here.

We ship all orders via the United States Postal Service.聽Most domestic orders are shipped via Ground Advantage.聽USPS International, Priority and Express Mail, UPS and聽DHL services are also available, and costs are calculated during checkout.聽Current charges may be reviewed here.

Can I return my purchase?聽

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.

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.

Do you buy stocks and bonds?

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Do you research stocks and bonds to determine if they are still negotiable?

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

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