Pittsburgh, McKeesport and Youghiogheny Railroad Co. - 1880's dated Railway Stock Certificate

Stock printed by American Bank Note Company, New York. The Pittsburgh, McKeesport and Youghiogheny Railroad ran from 24th Street in Pittsburgh, PA to Connellsville, Pennsylvania, in 1882. The PM&Y followed the Monongahela River to McKeesport, Pennsylvania, then the Youghiogheny River to Connellsville, Pennsylvania. Mileage on this P&LE branch was reckoned from the passenger terminal back at the Smithfield Street Bridge.

This railroad is part of the Pittsburgh and Lake Erie Railroad System. The Pittsburgh and Lake Erie Railroad (P≤ reporting mark PLE), also known as the "Little Giant", was formed on May 11, 1875. Company headquarters were located in Pittsburgh, Pennsylvania. The line connected Pittsburgh in the east with Youngstown, Ohio in the Haselton neighborhood in the west and Connellsville, Pennsylvania to the east. It did not reach Lake Erie (at Ashtabula, Ohio) until the formation of Conrail in 1976. The P&LE was known as the "Little Giant" since the tonnage that it moved was out of proportion to its route mileage. While it operated around one tenth of one percent of the nation's railroad miles, it hauled around one percent of its tonnage. This was largely because the P&LE served the steel mills of the greater Pittsburgh area, which consumed and shipped vast amounts of materials. It was a specialized railroad deriving much of its revenue from coal, coke, iron ore, limestone, and steel. The eventual closure of the steel mills led to the end of the P&LE as an independent line in 1992. Read more at https://en.wikipedia.org/wiki/Pittsburgh_and_Lake_Erie_Railroad#Youghiogheny_Branch

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