Pittsburgh, Mckeesport and Connellsville Railway Co. - 1900's-1910's dated Railroad Stock Certificate
Inv# RS1170 StockRailroad Stock printed by Western Bank Note Co., Chicago. Large mill yard vignette in upper left corner and trolley in lower center of stock. Rare!!! Available in Blue, Orange or Brown. Please specify color. In relation to this railroad, 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
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.
Ebay ID: labarre_galleries