Western Maryland Railway Co. issued to Jay Gould - Could be an ancestor! Stock CertificateStock Certificate

Stock issued to and signed on transfer by Jay Gould. Possibly a relative?

Jason Jay Gould (1836-1892) Jason “Jay” Gould was born in Roxbury, N. Y., the son of John Burr Gould  and Mary Moore Gould. He studied at the Hobart Academy, but left at age 16 to work for his father in the hardware business. He continued to devote himself to private study, emphasizing surveying and mathematics. Gould later went to work in the lumber and tanning business in western N. Y. and then became involved with banking in Stroudsburg, PA. In 1856 he published the History of Delaware County. He married Helen Day Miller in 1863 and had 6 children.

It was during the same period that Gould and James Fisk became involved with Tammany Hall. They made Boss Tweed a director of the Erie RR., and Tweed, in return, arranged favorable legislation for them. Tweed and Gould became the subjects of political cartoons by Thomas Nast in 1869. In 1871 when Tweed was held on $8 million bail, Gould was the chief bondsman.

In August 1869, Gould and Fisk began to buy gold in an attempt to corner the market. During this time, Gould used contacts with President Ulysses S. Grant's brother-in-law to try to influence the president and his Secretary General. These speculations in gold culminated in the panic of Black Friday, on September 24, 1869, when the premium over face value on a gold Double Eagle fell from 62% to 35%. Gould made a nominal profit from this operation, but lost it in the subsequent lawsuits. The affair also cost him his reputation.

After being forced out of the Erie Railroad,  in 1879 he started to build up a system of railroads in the Midwest by gaining control of four western railroads, including the Union Pacific and Missouri Pacific. In 1880, he was in control of 10,000 miles of railway and by 1882 he had controlling interest in 15% of the country's tracks. Gould withdrew from management of the UP in 1883 amidst political controversy over its debts to the federal government, realizing a large profit for himself.

Gould also obtained a controlling interest in the Western Union telegraph company, and in the elevated railways in New York City. He was connected with many of the largest railway financial operations in the U. S. from 1868-1888. During the Great Southwest Railroad Strike of 1886 he hired strikebreakers; according to labor unionists, he said at the time, "I can hire one half of the working class to kill the other half."

In his lifetime and for a century after, Gould had a firm reputation as the most unscrupulous of the 19th century American businessmen known as robber barons.

The Western Maryland Railway (reporting mark WM) was an American Class I railroad (1852–1983) which operated in Maryland, West Virginia, and Pennsylvania. It was primarily a coal hauling and freight railroad, with a small passenger train operation.

The WM became a property of the Chessie System holding company in 1973, although it continued independent operations until May 1975 after which time many of its lines were abandoned in favor of parallel Baltimore and Ohio Railroad lines. In 1983 it was fully merged into the Baltimore & Ohio Railroad, which later was also merged with the former Chesapeake and Ohio Railroad into the Chessie System in 1987, which is now renamed as CSX Transportation.

The original main line began with the chartering of the Baltimore, Carroll and Frederick Railroad in 1852, with the intent of building a rail line from Baltimore west to Washington County, Maryland. The Maryland General Assembly changed the name of the company to the Western Maryland Rail Road Company in 1853, and construction began from Owings Mills in 1857. An existing Northern Central Railway branch line terminating at Owings Mills was used to connect into Baltimore. The railroad was completed to Westminster in 1861 and Union Bridge in 1862. Further expansion was delayed because of the Civil War. Westward construction resumed in 1868 under Chief Engineer Joseph S. Gitt, and the line was completed to Hagerstown in 1872. This section became the East Subdivision. The company's first major car shops were established at Union Bridge.

In 1873 the WM built its own line from Owings Mills to Fulton Junction in Baltimore, and obtained trackage rights from the Baltimore and Potomac Railroad (B&P) for the remaining two miles of the route eastward to Union Station (later called Penn Station). It built a branch east of Union Station to Hillen Station, which opened in 1876 and became the company headquarters. The WM built a connection from Hagerstown to Williamsport, in order to access coal traffic from the Chesapeake and Ohio Canal.

Under the leadership of company president John Mifflin Hood, the railway made its first extension into Pennsylvania by leasing a line from Edgemont, Maryland, to Waynesboro and Shippensburg. This line became the Lurgan Subdivision and was leased from the Baltimore and Cumberland Valley Railroad in 1881, and was connected to the Harrisburg and Potomac Railroad in 1886.

A second route into Pennsylvania, the Hanover Subdivision, was acquired by the WM when it gained control of the Baltimore and Hanover Railroad, and the Gettysburg Railroad, in late 1886. This line connected to the WM main at Emory Grove, proceeded north to Hanover and Gettysburg, then southwest to connect again to the WM at Highfield, Maryland, near the Pennsylvania border. A branch from Porters to York, Pennsylvania was completed in 1893; this became the York Subdivision.

The WM established a connection with the Baltimore and Ohio Railroad (B&O) in 1892 with the opening of the Potomac Valley Rail Road (controlled by WM) between Williamsport and Big Pool, Maryland. This connection brought a major increase in through-freight traffic. Construction of an extension from Hagerstown to Cumberland began in 1903 and completed in 1906. This became the West Subdivision. To service the expanded system, the WM built a major shop complex at Hagerstown in 1909, with a roundhouse, machine shops and related facilities. Rail yards at Hagerstown were also expanded.

The Fuller Syndicate, led by George Gould, purchased a controlling interest in the WM in 1902 and made plans for westward expansion of the system.

In 1904 the WM completed construction of a large marine terminal at Port Covington, on the Patapsco River in Baltimore, to support the Gould organization's expansion plans. The terminal facilities included coal, grain and merchandise piers, overhead cranes, 11 rail yards, warehouses, a roundhouse, a turntable and a machine shop. In the 1920s rotary dumpers for coal and coke were installed, and a large grain elevator.

In 1907 the syndicate acquired several railroad companies, including the George's Creek and Cumberland Railroad (GC&C), which had built a line west through the Cumberland Narrows, and then south to Lonaconing, Maryland. Using the portion of the line through the Narrows, the Connellsville Extension was built west from Cumberland to Connellsville, Pennsylvania, beginning in 1910, and it was completed in 1912. At Connellsville the WM connected with the Pittsburgh and Lake Erie Railroad (P&LE). In 1915 the WM obtained trackage rights on a B&O line from Bowest Junction (2 miles south of Connellsville) to Chiefton, West Virginia, which provided access to coal mines in the area west of Fairmont, West Virginia.

The GC&C line provided the WM with access to mines in the Georges Creek Valley. In 1927 the WM abandoned some of the GC&C track and accessed additional mines in the area through trackage rights on the Cumberland and Pennsylvania Railroad (C&P). In 1944 the WM purchased the C&P, and formally merged the operations in 1953.

Although never a giant, the Connellsville subdivision of WM handled through midwest fast freight traffic and coal from company-owned mines near Fairmont and Somerset, Pennsylvania.

WM opened a passenger station in Cumberland and one in Hagerstown in 1913. The Cumberland station contained the offices for the Western Division. Today the building is called Canal Place, a facility operated by the National Park Service, and includes the station for the Western Maryland Scenic Railroad and a visitors center for the C&O Canal National Historic Park. It was added to the National Register of Historic Places in 1973. The Hagerstown station was added to the National Register of Historic Places in 1976.

The West Virginia Central and Pittsburg Railway (WVC&P) began as a narrow gauge line in 1880, its name and gauge changed in 1881 and in the ensuing years it opened a huge swath of timber and coal territory in the Allegheny Highlands of West Virginia. The railroad was directly responsible for the creation of such towns as Davis, Thomas, and Parsons.

In the large valley near the mouth of Leading Creek and the Tygart Valley River, the WVC&P constructed the city of Elkins (named after investor Stephen Benton Elkins). Elkins was home to a large rail yard for the railroad and served as the hub of Western Maryland and Chessie System operations in the region well into the 1980s.

The WVC&P was sold to the Fuller Syndicate in 1902 and was merged into the Western Maryland in 1905. Known as the Thomas Subdivision, the line connected to the Western Maryland mainline at Maryland Junction, south of Cumberland. This line, famous for its Black Water Grade in Blackwater Canyon, became an important part of the Western Maryland's success until its eventual abandonment in the 1970s.

The WVC&P established the Coal and Iron Railway (C&I) in 1899 to reach logging operations and a connection with the Chesapeake and Ohio Railway (C&O). The route left Elkins and the Tygart Valley River drainage by way of a tunnel under Cheat Mountain, followed the Shavers Fork river upstream and then the West Fork Greenbrier River down from its headwaters to Durbin in Pocahontas County, where it connected with the C&O Greenbrier Division. Construction to Durbin was complete by 1903. With the acquisition of the WVC&P in 1905, the C&I became part of WM and this line became the Durbin Subdivision.

In 1927 the WM purchased the Greenbrier, Cheat and Elk Railroad, which ran from Cheat Junction, on the Durbin sub, to Bergoo. This line became the GC&E Subdivision. In 1929, WM's purchase of a line from the West Virginia Midland Railway extended the GC&E sub southward to Webster Springs. While these lines were originally built as logging railroads, the WM also used them for coal operations.

The Fuller Syndicate attempted to assemble its own transcontinental railroad system beginning around 1902, by acquiring various rail lines. It faced stiff competition from the Pennsylvania Railroad (PRR), the B&O and others, and became financially overextended in its expansion plans. As a result, the WM entered receivership in 1908. A new corporation, the Western Maryland Railway Company, was formed and purchased the WM assets in 1909, and the receivership ended in 1910.

In 1931, the Pittsburgh and West Virginia Railway (P&WV) reached Connellsville to connect with the WM. The connection enabled the formation of the Alphabet Route, a partnership involving the WM, P&WV and six other railroads that provided competition with larger railroads including the PRR. Today the P&WV is leased by the Wheeling and Lake Erie Railway.

The major rail yards on the WM were Jamison Yard at Hagerstown, capacity 3,000 cars, mainly for west-bound traffic; and Knobmount Yard, capacity 1,600 cars, south of Ridgely, West Virginia, mainly for east-bound traffic.

The WM began using diesel locomotives in 1941 for yard operations, and for regular line use in 1949. It discontinued use of steam locomotives in 1954.

Passenger service on the WM began in 1859. The WM's original Hillen Street Station in downtown Baltimore was demolished in 1954. A smaller replacement Baltimore station was briefly used between 1954-1957. Revenue passenger-miles declined from 26 million in 1925 to 2 million in 1956, and passenger service ended in 1959. In 1964, the C&O and the B&O jointly filed for permission to acquire control of the Western Maryland Railway with the Interstate Commerce Commission (ICC). The ICC approved the acquisition in 1968. In 1973, as part of the Chessie System, Western Maryland ownership went to C&O and it was operated by the B&O. The B&O itself merged with the C&O in 1987, which itself became part of CSX Transportation.

Much of the original WM west of Big Pool has been abandoned including the 2,375-foot (724 m) summit of the Allegheny Mountains and the Eastern Continental Divide near Deal, Pennsylvania. In addition to CSX, portions of the former WM are now operated by Durbin & Greenbrier Valley Railroad, the Maryland Midland Railway (MMID), Western Maryland Scenic Railroad, Pennsylvania & Southern Railway and York Railway. A portion of the former WM roadbed in Baltimore is now used by the Baltimore Metro Subway going northwest from downtown to Owings Mills, Maryland in Baltimore County.

Other portions are now rail trails. These include the Western Maryland Rail Trail in Maryland; the Blackwater Canyon Trail and Allegheny Highlands Trail in West Virginia, and the Great Allegheny Passage in Maryland and Pennsylvania.

In Allegany County, Maryland, the Chesapeake and Ohio Canal National Historical Park includes the Western Maryland Railroad Right-of-Way, Milepost 126 to Milepost 160, listed on the National Register of Historic Places in 1981, and the Western Maryland Railway Station in Cumberland which provides tourist orientation and historical exhibits.

A former WM warehouse is still standing on Hillen Street in downtown Baltimore, next to the Orleans Street Viaduct; it is now occupied by Public Storage, which also owns and operates the building.

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