Estate of Peter Arrell Brown Widener - Baltimore and Ohio Railroad - Signed by 3 Widener's Stock Certificate with Transfer DocumentInv# AG1346 Stock
Peter A. B. Widener (1834-1915), Financier, Philanthropist. Union Army meat supplier during the Civil War. Street car owner in Philadelphia, Pittsburgh, Baltimore, and Chicago. Stock dated 1924-29 issued to the "Estate of P. A. B. Widener". Choice!
Peter Arrell Browne Widener (November 13, 1834 – November 6, 1915) was an American businessman, art collector, and patriarch of the Widener family of Philadelphia, Pennsylvania. Widener was ranked #29 on the American Heritage list of the forty richest Americans in history, with a net worth at death of $23 billion to $25 billion (in 1998 dollars). The son of a Philadelphia butcher, Widener was born on November 13, 1834, to Johannes Widener and Sarah Fulmer. He was named after Peter Arrell Browne (1782–1860), a noted lawyer in 19th-century Philadelphia.
During the Civil War, Widener won a contract to supply mutton to all Union Army troops within 10 miles of Philadelphia. The city was a major transportation hub for troop deployment, and the location of many of the largest Union military hospitals. Widener invested his $50,000 profit in horse-drawn city streetcar lines. He grew to prominence in Philadelphia politics, and had become the City Treasurer by 1871. In 1883, he was a founding partner in the Philadelphia Traction Company, which electrified the city's trolley lines, and expanded into other major cities in the United States. 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.