Broad Street Subway Passenger Railway Co. signed by Peter A.B. Widener - Autograph Stock CertificateInv# AG2525 Stock
Stock printed by Wm. H. Hoskins., Phila. and signed by Peter Arrell Brown Widener on the back.
Peter Arrell Brown Widener (1834-1915) was an American businessman and head of the prominent Widener family of Philadelphia, Pennsylvania.
A merchant who supplied meat to the Union Army during the United States Civil War, Widener grew to prominence in the city and by 1873 had become Philadelphia City Treasurer. In 1883, he became very successful as a result of his investing in trolley cars and public transit systems as a founding partner of Philadelphia Traction Company, which expanded to other major cities in the United States. His business partners included William L. Elkins and Charles Tyson Yerkes, who became the streetcar czar of Chicago. Widener used the great wealth accumulated from that business to become a founding organizer of U.S. Steel and the American Tobacco Company. He is considered to have been one of the 100 wealthiest Americans, having left an enormous fortune.
Peter A. B. Widener married Hannah Josephine Dunton (1836-1896) and they built Lynnewood Hall in Elkins Park, Pennsylvania, a 110-room Georgian-style mansion designed by Horace Trumbauer. Widener was an avid art collector. His collection included more than a dozen paintings by Rembrandt as well as works by then new artists Edouard Manet and Auguste Renoir.
Widener's son, George Dunton Widener, and grandson, Harry Elkins Widener, died when they went down with the RMS Titanic. Widener died at Lynnewood Hall at the age of 80. Read more at https://en.wikipedia.org/wiki/Peter_Arrell_Browne_Widener
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.