Skip to main content

1,000 Share Pittsburgh and Lake Erie Railroad Co. issued to William K. Vanderbilt - Not Signed - 1925 dated Railway Stock Certificate

Inv# AG1997   Stock
State(s): Pennsylvania
Years: 1925
Color: Green and Black

Stock issued to William K. Vanderbilt but not signed. 1000 shares!

William Kissam Vanderbilt I (December 12, 1849 – July 22, 1920) was an American heir, businessman, philanthropist and horsebreeder. Born into the Vanderbilt family, he managed his family's railroad investments. William Kissam Vanderbilt I was born on December 12, 1849, in New Dorp, New York, on Staten Island. His parents were Maria Louisa Kissam and William Henry Vanderbilt, the eldest son of Commodore Cornelius Vanderbilt, an heir to his fortune and a prominent member of the Vanderbilt family who was the richest American after he took over his father's fortune in 1877 until his own death in 1885.

He was the third of eight children born to his parents. His siblings were Cornelius Vanderbilt II, Margaret Louisa Vanderbilt, Emily Thorn Vanderbilt, Florence Adele Vanderbilt, Frederick William Vanderbilt, Eliza Osgood Vanderbilt, and George Washington Vanderbilt II. Vanderbilt inherited $55 million (equal to about $1.8 billion today) from his father in 1885. He managed his family railroad investments. In 1879, after taking over P. T. Barnum's Great Roman Hippodrome which was on railroad property by Madison Square Park, he renamed the facility Madison Square Garden. Read more at https://en.wikipedia.org/wiki/William_Kissam_Vanderbilt

The Pittsburgh and Lake Erie Railroad (P&LE) (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 at nearby Haselton, Ohio 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

Read More

Read Less

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.
OUT OF STOCK