Philadelphia and Gray's Ferry Passenger Railway Co. - 1910-21 dated Railroad Stock Certificate
Inv# RS1164 Stock
Railroad Stock. Vignette of trolley car pulled by horses in front of large building. Scarce!!! Also available unissued at a lesser price. Please inquire if interested. This company was operated by the Philadelphia Rapid Transit Co.
Excerpt from https://hsp.org/blogs/fondly-pennsylvania/the-rise-and-fall-of-the-philadelphia-rapid-transit-company:
Philadelphia Rapid Transit was incorporated in 1902, and began construction of electric streetcar lines to West Philadelphia, as the affluent and fashionable suburb was developing rapidly. Within the year, PRT made plans for the city’s first subway line running under Market Street (predecessor to today’s Market-Frankford Line), completed in 1907, as well as a street-surface line on Broad Street.
The company planned and grew at exponential rates in the early 20th century, but its management was inefficient, secretive, and grossly unpopular with the public. By the time the Market Street line was complete, PRT was nearly bankrupt, and its poor financial decisions trickled down to fed up workers. Hoping to piggyback on the public’s dissatisfaction with PRT’s recent fare increases, streetcar drivers decided to strike for higher wages and better conditions in May 1909.
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.
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