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Pennsylvania New York Central Transportation Co. - 1960's dated Railroad Stock Certificate - Great Railway History

Inv# RS1255   Stock
State(s): Pennsylvania
Years: 1960's
Color: Blue or Brown

Railroad Stock. Vignette of Mercury figure with a city,plane,truck, and train in the background. The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 until 1976. Penn Central was a combination of three railroads: the Pennsylvania Railroad (PRR), New York Central Railroad (NYC) and the New York, New Haven and Hartford Railroad (NH). The New York, New Haven and Hartford was merged into Penn Central in 1969.

The legal entity that eventually became the Penn Central Transportation Company was the former Pennsylvania Railroad, which absorbed the New York Central as part of the original 1968 merger and at the same time began using the Penn Central name to reflect the merger with the New York Central. The company remained headquartered in Philadelphia after its merger with the New York Central. By 1970, the company had filed for what was, at that time, the largest bankruptcy in U.S. history. Read more at https://en.wikipedia.org/wiki/Penn_Central_Transportation_Company

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: $15.00