Bangor and Aroostook Railroad Co. - 1959 dated Stock Certificate

Stock printed by American Bank Note Company. Please specify color.

The Bangor and Aroostook Railroad was incorporated in 1891 to combine the lines of the former Bangor and Piscataquis Railroad and the Bangor and Katahdin Iron Works Railway. It was based in Bangor and lines extended from there to Oakfield and Houlton in 1894. The line was extended from Houlton to Fort Fairfield and Caribou in 1895. A parallel branch line was extended from Oakfield to Ashland in 1896. A branch was built from Caribou to Limestone in 1897, and the main line extended from Caribou to Van Buren in 1899. The Ashland Branch was extended to Fort Kent in 1902. A southern extension was completed in 1905 through Northern Maine Junction to Searsport on Penobscot Bay. The Medford Cutoff from Packard to South Lagrange was completed in 1907, and a branch was built from Millinocket to a new paper mill in East Millinocket. Rails were extended up the Maine side of the Saint John River from Van Buren through Madawaska and Fort Kent to St. Francis in 1910; and Mapleton was connected to Stockholm and Presque Isle on the main line, and to Squa Pan on the Ashland branch. An international bridge was constructed over the Saint John River between Van Buren and St. Leonard, NB in 1915 to connect with the Canadian Pacific Railway and National Transcontinental Railway (later merged into the Canadian National Railway). BAR began hauling potatoes in heated boxcars in 1895. Potatoes provided a stable income source through the great depression, and provided 50% of the railroad's revenue following World War II. BAR had the second-largest United States railroad-owned reefer fleet (after Santa Fe) during the 1950s. BAR made an arrangement with Pacific Fruit Express whereby PFE reefers shipped Maine potatoes during winter months and BAR reefers carried California produce during the summer and autumn. While potatoes started moving by truck following completion of the Interstate Highway System into northern Maine in the 1960s, what actually resulted in the railroad losing its potato business forever was the Penn Central Transportation Company (PC), whose interchange service became so bad during the winter of 1969–70 that a large portion of the 1969 potato crop was spoiled by freezing when car heaters ran out of fuel. The claims process against PC was not resolved prior to PC's bankruptcy declaration the following June. As a result, several potato farms went out of business; those that survived distrusted rail service and never returned to using the railroad. Inbound chemicals and outbound paper from mills on the Penobscot River at Millinocket and East Millinocket were major revenue sources for the BAR from 1900. Another paper mill was built in Madawaska in 1925. Pulpwood and wood chip shipment to the paper mills became increasingly important as potato loadings declined. The remote port facilities at Searsport were a preferred loading point for ammunition during World War II, and BAR transported heating coal and aircraft fuel to Loring AFB for Strategic Air Command bombers through the Cold War. BAR painted 2,500 boxcars in the red, white and blue colors of the US flag during the 1950s. A less-expensive oxide red paint scheme with large white reporting marks was adopted during the Vietnam War. The line from Brownville Junction to Katahdin Iron Works was abandoned in 1922, but the rails remained in place until 1933.

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