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Pittsburgh, Mckeesport and Greensburg Railway - dated 1900's Electric Railroad Stock Certificate

Inv# RS1171   Stock
State(s): Pennsylvania
Years: 1900-10
Color: Orange and Black

Railroad Stock printed by Western Banknote Co, Chicago. Great mill yard vignette in upper left corner and trolley car below title. Attractive and Rare!

Railway electrification is the use of electric power for the propulsion of rail transport. Electric railways use either electric locomotives (hauling passengers or freight in separate cars), electric multiple units (passenger cars with their own motors) or both. Electricity is typically generated in large and relatively efficient generating stations, transmitted to the railway network and distributed to the trains. Some electric railways have their own dedicated generating stations and transmission lines, but most purchase power from an electric utility. The railway usually provides its own distribution lines, switches, and transformers. Power is supplied to moving trains with a (nearly) continuous conductor running along the track that usually takes one of two forms: an overhead line, suspended from poles or towers along the track or from structure or tunnel ceilings, or a third rail mounted at track level and contacted by a sliding "pickup shoe". Both overhead wire and third-rail systems usually use the running rails as the return conductor, but some systems use a separate fourth rail for this purpose.

In comparison to the principal alternative, the diesel engine, electric railways offer substantially better energy efficiency, lower emissions, and lower operating costs. Electric locomotives are also usually quieter, more powerful, and more responsive and reliable than diesel. They have no local emissions, an important advantage in tunnels and urban areas. Some electric traction systems provide regenerative braking that turns the train's kinetic energy back into electricity and returns it to the supply system to be used by other trains or the general utility grid. While diesel locomotives burn petroleum products, electricity can be generated from diverse sources, including renewable energy. Historically concerns of resource independence have played a role in the decision to electrify railway lines. The landlocked Swiss confederation which almost completely lacks oil or coal deposits but has plentiful hydropower electrified its network in part in reaction to supply issues during both World Wars. Read more at https://en.wikipedia.org/wiki/Railway_electrification

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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: $26.50