Skip to main content

new 7,913 Shares of Prescott and Eastern Railroad Co. - 1918 dated Stock Certificate

Inv# HD1077   Stock
New Item!
State(s): Arizona
Years: 1918

7,913 shares Stock printed by Goes. Certificate #31!

The Prescott and Eastern Railroad (P&E) was a non-operating subsidiary of the Santa Fe, Prescott and Phoenix Railway (SFP&P) in Arizona. The 26.4 mile (42.5 km) common carrier railroad was built to serve the mines in the region. The railroad built from a connection with the SFP&P at Entro and extended south to Poland Junction and terminated at Mayer. At Poland Junction and Mayer the P&E connected with the Bradshaw Mountain Railroad, also a non-operating subsidiary of the SFP&P. After various mergers the P&E was merged into the Atchison, Topeka and Santa Fe Railway. The line was later abandoned by the Santa Fe Railway. The railroad was incorporated on September 14, 1897. It commenced grading from the SFP&P connection at Entro (northeast of Prescott) on March 10, 1898. On September 30, 1898, the 26.4 mile (42.5 km) line was completed. On December 30, 1911, the P&E was merged into the California, Arizona and Santa Fe Railway, a non-operating subsidiary (paper railroad) of the Santa Fe Railway. Although the P&E was operated by the SFP&P, the P&E did have two locomotives. P&E #11 (builder number 3073) and #12 (builder number 3072) were Brooks Locomotive Works 4-6-0 (also known as a Chesapeake or Ten-wheeler, UIC classification 2'C) steam locomotives with 19×24 inch cylinders and 56 inch (142 cm) drivers with a weight of 106,800 pounds (48,490 kg) and 22,270 pounds (10,110 kg) of effort. Both were built in November 1898. P&E #11 and #12 were later SFP&P #11 and #12, then later ATSF #2431 and 2432. Both locomotives were later scrapped; #11 in October 1927 and #12 in April 1922. Operating railroads: 1897–1912 by the Santa Fe, Prescott & Phoenix Railway 1912– by the Atchison, Topeka & Santa Fe Railway Read more at https://en.wikipedia.org/wiki/Prescott_and_Eastern_Railroad

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: $329.00