The Pennsylvania Railroad Company
Green, 100 share stock certificate from the PRR, issued to Fred Goldman on Oct. 21, 1965. Great vignette showing the famous Altoona Curve. Nice stock from the once mighty Pennsy RR.
The Pennsylvania Railroad was an American railroad, founded in 1846. Commonly referred to as the "Pennsy", the PRR was headquartered in Philadelphia, Pennsylvania.
The PRR was the largest railroad by traffic and revenue in the US throughout its 20th-century existence and was at one time the largest publicly traded corporation in the world. At its peak, it controlled about 10,000 miles (16,000 km) of rail line. During its history, the PRR merged with or had an interest in at least 800 other rail lines and companies. The PRR corporation still holds the record for the longest continuous dividend history: it paid out annual dividends to shareholders for more than 100 years in a row. For many years the President of the PRR was considered more powerful than the President of the United States. The budget for the PRR was larger than that of the U.S. government and they employed approximately 250,000 workers.
In 1968, the Pennsylvania Railroad merged with its rival, the New York Central Railroad, to form Penn Central Transportation. The ICC required that the ailing New York, New Haven & Hartford Railroad be added in 1969. A series of events including inflation, poor management, abnormally harsh weather and the withdrawal of a government-guaranteed 200-million-dollar operating loan forced the Penn Central to file for bankruptcy protection on June 21, 1970. The Penn Central raillines were then divided between Conrail and Amtrak.
The Pennsylvania Railroad's corporate symbol was the keystone, which is Pennsylvania's state symbol, with the letters PRR intertwined inside. When colored, it was bright red with silver-grey molding and lettering.
Selling a collection of early railroad stocks, please see my other items.
Has no fold lines, Has minor cancellations,
Extremely fine-pristine condition.
Printer: American Bank Note Company
The certificate in the scan is the exact certificate you will receive.
All stocks are 100% authentic. We do not sell reproductions or copies. All stocks are complete and if they appear cut off, that is due to scanner size limitations.
A very nice addition to your early railroad stock collection.
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