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Grafton Center Railroad Company. Chartered in 1873 to build and operate a 3 mile narrow gauge railroad from Grafton Center (now Grafton) to New England Village (North Grafton), this railroad was in large part sponsored by local residence. Construction began in October of that year and was completed in August of 1874. The railroad connected to The Boston and Albany at New England Village and thus provided Grafton residence access to Boston and Worcester. Success was short lived however. As the railroad began to aged and require repair, most of the early investors decided to sell out to a local lawyer, Edward P. Usher. He gained control in 1887 and renamed it to the "Grafton and Upton Railroad". He also upgraded to standard gauge and built a number of extensions.
Stock. Issued in 1874. #51.
Bond. $500. #20.
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