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Collectible Stocks and Bonds

New York and Oswego Midland RR bond trustee certificate 1875 (New York)

$129.95 $89.95
(You save $40.00)

New York and Oswego Midland RR bond trustee certificate 1875 (New York)

$129.95 $89.95
(You save $40.00)
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ny oswego midland 1875
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Product Description

New York and Oswego Midland RR bond trustee certificate 1875 (New York)

Rare NY railroad venture. Nice vignette of the New York state seal. Border, text, and vignette in green. Unissued and not cancelled. Dated 1875 in text. Purpose was to hold 1869 bonds to reorganize the railroad. Measures approximately 12 x 7.5 inches.

In 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 on the line north of Middletown began in 1868 and was completed in 1873.

Branches were also constructed to Ellenville, Delhi and 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 Utica, Ithaca and Elmira Railroad in 1876.

Access to New York City was provided by the Middletown, Unionville and Water Gap Railroad and the New Jersey Midland Railway beginning in 1872. On September 3, 1869, the NY&OM began using the Pennsylvania Railroad's station at Exchange Place in Jersey City, New Jersey, which provided its passengers with ferry access to the Cortlandt Street Ferry Depot in lower Manhattan and the Desbrosses Street Ferry.

With the Panic of 1873, the company began to fold, and it severed its ties with the NJM and the MU&WG. Its mainline extended from Weehawken, New Jersey, across the Hudson River from New York City, to Oswego, New York, a port city on Lake Ontario. It had branch lines to Kingston, Port Jervis, Monticello, Delhi, Utica and Rome, New York and Scranton, Pennsylvania.

In 1880, New York, Ontario and Western Railway (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 Middletown, New York, which extended to Cornwall on the Hudson River and then to Weehawken Terminal.

 

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Please note that some pictures may only be representative of the inventory available.  If we have more than one piece, we are unable to scan and display every piece.  Unless otherwise noted, that there are variations for signatures, cancellation marks/holes, serial number, and dates.  Colors will be as noted and pictured. Certificates no longer have investment value.

 

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