Schuylkill Transportation Co. - 1930 dated Pennsylvania Automotive Bond - Available in 3 Denominations
Inv# AS1074 Bond
$1,000 Green 2%, $500 Brown or $100 Black 3% First Mortgage Fifty-Year Gold Bond. Printed by E.A. Wright Bank Note Co., Philadelphia. Superb Bus Vignette!!! Many coupons attached. Please specify Denomination.
In 1930, the Schuylkill Transportation Company, a subsidiary of the Schuylkill Railway Company, operated as a crucial transit provider in Schuylkill County, Pennsylvania. It transitioned from electric trolleys to motorized buses to adapt to the rapid expansion of paved state highways. The onset of the Great Depression severely impacted the region, leading to a drop in ridership as nearly half of the local coal miners lost their jobs. To cut costs, the company increasingly relied on its bus fleet, which offered more flexibility and lower maintenance than the aging trolley infrastructure.
By the early 1930s, the company’s operations reflected a broader national shift in public transit where traditional streetcars were being phased out in favor of “modern” bus transport. While the Pennsylvania Railroad electrified its nearby Schuylkill Branch to improve commuter efficiency, the Schuylkill Transportation Company focused on maintaining local connectivity amidst economic turmoil. Despite these efforts, the financial strain of the decade contributed to the decline of private transit in the area, paving the way for the eventual creation of the public Schuylkill Transportation System (STS) decades later.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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