Collectible Stocks and Bonds from North American Railroads
by Terry Cox

Massachusetts

One of original colonies
Became state: February 6, 1788

With its long history, this state has almost 500 certificate varieties recorded so far, and that is likely to grow steadily with more contributions. While there is a concentration of certificates among very large, and old companies, there are also some very scarce companies with only a handful of certificates known.

A large number of engraved variations of this seal are known on stocks and bonds. All seem to contain the central elements of the Indian holding a bow in his right hand. Above is a right arm holding a broad sword. A long ribbon below holds the words Ense petit placidam sub libertate quietem (By the sword we seek peace, but peace only under liberty.)

Number of Varieties of collectible certificates
(counting all companies that operated within the state)
Limited number (100-500 varieties)
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