Champlain & St. Lawrence (C&SL)
Delaware & Hudson (D&H)
Mohawk & Hudson (M&H)
Camden & Amboy (C&A)
Baltimore & Ohio (B&O)
By purchasing them it allows you to prevent anyone from building a rail line into those designated hexes. They also return a dividend as long as they have not been sold to a corporation or the first 5 train has been purchased.
I find that the C&A or the B&O are the most interesting. C&A has a great dividend plus it gives you one share of Pennsylvania RR. B&O is my other favorite since this gives you the presidents share of the B&O. So if you want to run either one of thes═ before they expire, and the second and third will be of use to that corporation. Trade the fourth one, if you get it, for a share of NYC, just before the companie═ acce

s expire. In the early going, your return for companies will be a lot higher than for corporation stock. (JAC)
While the SVR and CS&L have the best cost/dividend ratio, they are unquestionably the worst private companies to buy. Private companies, in my experience (which isn't amazing, but I've played the game more than a few times) are used to get a large c═ acce

ash inflow in the _player's_treasury in the stock round after the first 3 train is gone, often allowing a quick company float. Since a player's corporation can buy his or her privates for double the original price, the C&A becomes the best private (═ acce

undervalued by the computer opponents, btw), for not only does it give a PRR share (not necessarily used to take control of the PRR corp, but worth money later) but it also is worth the most ``fast cash''. (EH)
The main benefit of buying a Private Company is the option of buying it with a Corporation. The idea is that you can lend yourself money this way. Because money in your pocket makes money, this way you can really make a killing. This factor makes th═ acce

e M&H and C&A more valuable than they would otherwise be. The fact that the C&A comes with a free PRR share does not mean that the C&A owner ought to go for the PRR himself. Anyone can do it. The free B&O President's share does mean that the B&O pri═ acce

vate owner can defend the B&O corp if he has the money. (ST)
If you've been forced to take B&0, and you've NOT got enough cash to float it at $100, the PC WON'T help you (unlike the board game with humans), so still set a par price at $100, then wait until the other players have started buying shares (remembe═). бr

r they CAN'T sell shares in the first round), once it is safe (ie. no-one can afford to buy 3 shares in B&0, i.e. no one has any shares and < $300, if they buy shares - fine, you'll be able to float it!), don't buy any more B&O shares, just invest i═$100,

n THEIR companies instead - that way you'll get the $30 income from the private, which is MORE that B&O makes in the first turn(s) anyway! Then next turn (or better, as soon as someone else buys a B&O share) dump enough of the lowest paying company(═$100,

s) shares you have to give you the capital to float B&O (and retain control). (NB)
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2.2) Railroad Corporations
You have 8 (9 if you played the reading variant) Railroads to buy stock on.
You will notice the Presidents share of B&O is gone and 1 share of
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