Skip to main content

Los Angeles and San Gabriel Valley Railroad Co. - Stock Certificate - Branch Line of the Atchison Topeka Santa Fe Railway

Inv# AT59a   Stock
State(s): California
Years: 18--

Unissued Stock. James F. Crank founded the Los Angeles and San Gabriel Valley Railroad on Sept. 5, 1883 with the goal of bringing a rail line to Pasadena from downtown Los Angeles. Los Angeles and San Gabriel Valley Railroad sold stock to get funds to build the new rail line, Lucky Baldwin purchased a large share of stocks, knowing the rail line would open markets for goods from his Rancho Santa Anita. James F. Crank's Los Angeles and San Gabriel Valley Railroad had a slow start. The first rail track was laid in Pasadena in 1884, but the first contractor went bankrupt by the end of 1884. In January 1885, a new contractor started working on the line and the second rail bridge that was needed. A test train ran on Sept. 14 and on September 16, 1885. Opening in late 1885, the Los Angeles and San Gabriel Valley Railroad Company ran from Los Angeles to Lamanda Park, California, a total of 13.4 miles.

A grand celebration was held in Pasadena for the completion of the Los Angeles and San Gabriel Valley Railroad from Downtown LA to Lamanda Park in East Pasadena. The rail line went from downtown Los Angeles through the Arroyo Seco to Pasadena. The railroad train crossed the Arroyo Seco just north of Garvanza in Highland Park. The first Pasadena Rail Station was built in 1887 was wooden structure, it was later replaced in 1934. The rail line started a boom in Pasadena, the Hotel Green was started by Edward C. Webster in 1887 and finished in 1888 by George Gill Green. The hotel patrons arrived by train at the adjacent Pasadena station. The hotel still stands on South Raymond Avenue in Old Pasadena. Read more at https://en.wikipedia.org/wiki/Los_Angeles_and_San_Gabriel_Valley_Railroad

Read More

Read Less

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $40.00