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Grand Canyon Railway Company - Stock Certificate

Inv# AT113   Stock
Grand Canyon Railway Company - Stock Certificate
State(s): Arizona
Years: 1900's

Stock printed by American Bank Note Co. New York, Litho. Also available unissued at $75 EACH. Please inquire if interested.

The Grand Canyon Railway (reporting mark GCRX), is a heritage railroad which carries passengers between Williams, Arizona and the South Rim of Grand Canyon National Park.

The 64-mile (103-kilometer) railroad, built by the Atchison, Topeka and Santa Fe Railway, was completed on September 17, 1901. The arrival of trains led increased tourism to the area, and the railway company was instrumental in the creation of the Grand Canyon Village to serve guests. Declining ridership due to the popularity of the automobile led the Atchison, Topeka and Santa Fe Railway to cease passenger service of the Grand Canyon Railway in July 1968 and freight service on the line ended in 1974.

Private investors purchased the line in 1988, restored the facilities, and started running passenger trains again on September 17, 1989. Today, the railroad carries hundreds of passengers to and from the canyon every day and operates year-round.

The entire Grand Canyon Railway has been added to the National Register of Historic Places, recognizing the contribution the train has made to the history of the United States.

In 1901, the Atchison, Topeka and Santa Fe Railway completed a branch line from Williams to Grand Canyon Village at the South Rim. The first scheduled train to carry paying passengers of the Grand Canyon Railway arrived from Williams on September 17 of that year. The 64-mile (103-kilometer) long trip cost $3.95, and naturalist John Muir later commended the railroad for its limited environmental impact. To accommodate travelers, the Santa Fe designed and built the El Tovar Hotel, located just 20 feet (6.1 meters) from the Canyon Rim. El Tovar opened its doors in January 1905

Competition with the automobile forced the Santa Fe to cease operation of the Grand Canyon Railway in July 1968 (only three passengers were on the last run), although Santa Fe continued to use the tracks for freight until 1974.

Plans by entertainer Arthur Godfrey to resume service in 1977 fell through. In addition, two other companies attempted to resurrect the line in 1980 and 1984, with each attempt helping to maintain interest in preserving the line and saving it from scrapping.

In 1988, the line was bought by Max and Thelma Biegert, a couple from Phoenix, Arizona. The railway was restored and in 1989 began operations as a separate company, independent of the Santa Fe. The first run of the restored railroad was on September 17, 1989, commemorating the September 17 debut of the original railroad.

The Biegerts, a couple originally from Nebraska, had made their fortune in crop dusting through Biegert Aviation, founded in 1947, which had a large federal government contract for its B-17 and later C-54 fleet. After leaving the crop-dusting business, they operated a for-profit day care business in Houston, Texas, which became the Children's World Learning Center and is now part of KinderCare Learning Centers. The Biegerts never intended to get into the rail business. They had loaned money secured by the tracks to another person for the rail line. When they defaulted the Biegerts took over the line. In conjunction with the startup, the Biegerts were principal investors in the short-lived Farwest Airlines, an air taxi service operating a DHC Dash 7 that was intended to bring tourists from California, Las Vegas and Phoenix to Flagstaff where the passengers would then take the rail line.

The first locomotives the railway acquired were a pair of emd gp7u units from the Santa Fe, as well as four 2-8-0 consolidation steam locomotives formerly operated by the Lake Superior and Ishpeming Railroad. In the early 1990s, the Grand Canyon Railway purchased a fleet of 1950s-era ALCO FA Diesel-electric locomotives, featuring an iconic "snub nose" design. The fleet consisted of two cab-equipped lead A unit models and two cabless booster B unit models. The new locomotives supplemented the fleet of steam locomotives and allowed the railway to grow into a year-round operation. In 1996, the railway boosted their steam roster by rebuilding a 2-8-2 mikado; former Chicago Burlington and Quincy 4960, a locomotive with a long history of excursion service.

The ALCO FA locomotives lacked the features found in more modern units, such as increased horsepower and dynamic brakes. Therefore, in February 2003, the Grand Canyon Railway purchased three late-1970s F40PH locomotives from Amtrak and placed them into service in 2004.

In March 2006, owners Max and Thelma Biegert announced to the media that they were placing the railroad and its associated restaurants, hotels and amenities up for sale. The combined properties had an annual revenue of nearly $40 million. The Biegerts sought a new buyer/operator with a possible theme park background, which would ensure that the railroad, hotels, RV park, restaurants (and a possible new amusement park in Williams) would continue to be operated as one entity.

On September 21, 2006, it was announced that Xanterra Parks & Resorts of Denver, Colorado, submitted the winning bid (for an undisclosed sum) and was selected as the new owner for the Grand Canyon Railway. Xanterra is the corporate name and identity for what was originally known as the Fred Harvey Company, a company with restaurant, hotel and service ties to the Atchison, Topeka & Santa Fe Railway as far back as 1876.

Xanterra said that it intended to keep all 480 of the railway's current employees, and planned to focus on growing the business and increasing the coordination between the railway and Xanterra's other services in the Grand Canyon National Park's South Rim. In the press release, the railway and Xanterra reported over 225,000 passengers and over $38 million in revenue in calendar year 2005. The purchase of the GCR included all of the railway's assets, depots, hotels, RV park, rolling stock, shops and the land on which the 65-mile (105 km) line operates over.

Steam locomotive operations on the Grand Canyon Railway were suspended in September 2008. Xanterra cited extra diesel fuel costs and environmental concerns as the reason for the decision, pointing out that each roundtrip of a steam locomotive consumed 1,450 gallons of diesel fuel (compared to the 550 gallons used by a diesel-electric locomotive) and 1,200 gallons of water. Industry experts said that ridership losses due to the late 2000s recession and rising fuel prices due to the 2000s energy crisis likely contributed to the decision.

Steam locomotives would return to the Grand Canyon Railway on September 19, 2009. Xanterra converted the steam locomotives to operate using waste vegetable oil collected from restaurants across Northern Arizona and installed a rainwater collection system on the maintenance building to fill boilers when available. Since 2011, special occasion trips, and at least one roundtrip per month during the summer is operated using a steam locomotive. In 2017, the Grand Canyon Railway added to its fleet of diesel locomotives, purchasing two additional F40PH units from New Jersey Transit. As of 2021, the Grand Canyon Railway only has two steam locomotives left in their roster. In 2019, the GCR purchased three Ex-Rio Grande business cars, and since then, the GCR used them exclusively for private charter service, with the option of being pulled by steam or diesel.

Currently rostered units
Number Image Builder Date Type Former railroad Status Notes
29 10-01-05 039xxcr - Flickr - drewj1946.jpg Alco May 1906 Steam SC-3 2-8-0 Lake Superior and Ishpeming Stored No. 29 was originally numbered 14 on the LS&I. Rebuilt after a wreck in 1916, and heavily rebuilt again in 1925 and was numbered 29 ever since. It has been operating on the GCR since April 1990. It has heavily modified since then. It can pull up to nine loaded passenger cars. It is now awaiting a mandated 1,472 day boiler inspection required by the Federal Railroad Administration.
4960 4960 Grand Canyon train from Williams.jpg Baldwin August 1923 Steam O-1a 2-8-2 Chicago Burlington and Quincy Operational. No. 4960 has had a history of excursion service. It operated for the CB&Q steam program between 1958 and 1966, it operated for the Bristol and North Western between 1981 and 1984, and it has operated for GCR since June 1996 after being rebuilt with multiple modifications, including a larger tender, a smaller smokebox, a lempor exhaust system, and a Worthington feedwater heater. It can pull up to twelve loaded passenger cars at a top speed of 65 mph, but the speed limit on GCR is 40 mph.
1105 Williams, AZ 86046, USA - panoramio (13).jpg EMD 1952 Diesel gp7u Atchison Topeka and Santa Fe Operational Used primarily for moving equipment around the Williams Locomotive Yard, No. 1105 can also be seen pulling the annual Pumpkin Patch Train every October.
2072   EMD 1953 Diesel gp7u Atchison Topeka and Santa Fe Stored Out of service since 1993. Current status unknown.
2134   EMD 1953 Diesel gp7u Atchison Topeka and Santa Fe Stored Out of service since 2009.
6762   Alco 1958 Diesel FPA-4 Canadian National, Via Rail Stored Never operated on the GCR. Spare parts provider for the other diesel units. Still in Via colors.
6768   Alco 1959 Diesel FPA-4 Canadian National, Via Rail Stored Never operated on the GCR. Spare parts provider for the other diesel units. Still in Via colors.
6773   Alco 1959 Diesel PFA-4 Canadian National, Via Rail Static display Out of service since 2009. Static displayed at the Williams Depot since early 2020.
6776 Grand Canyon Village-Diesel Engine No. 6776-1959.jpg Alco 1959 Diesel PFA-4 Canadian National, Via Rail Static display Out of service since 2009. Repainted into GCR gold and silver for static display at the Grand Canyon Village since 2016.
6793 GrandCanyonRail09679.JPG Alco 1959 Diesel PFA-4 Canadian National, Via Rail Operational Limited for use pulling the Williams Flyer.
6860   Alco 1958 Diesel PFB-4 Canadian National, Via Rail Operational Limited for use pulling the Williams Flyer.
6871   Alco 1959 Diesel PFB-4 Canadian National, Via Rail Stored Out of service since 2009.
237 GCRy train.JPG EMD 1977 Diesel F40FH Amtrak Operational Operating for the GCR since 2010.
239 Grand Canyon Railroad.jpg EMD 1977 Diesel F40FH Amtrak Operational Operating for the GCR since 2004.
295
EMD 1979 Diesel F40FH Amtrak Operational Operating for the GCR since 2009.
4124   EMD 1981 Diesel F40FH NJ Transit Operational Operating for the GCR since 2017.
4128   EMD 1981 Diesel F40FH NJ Transit Operational Operating for the GCR since 2017.
Formerly rostered units
Number Image Builder Date Type Former railroad Status Notes
18 Railway 18 Grand Canyon Village 1991 04 25.jpg Alco January 1910 Steam SC-4 2-8-0 Lake Superior and Ishpeming Stored, awaiting to be shipped to Boyertown, Pennsylvania. It was the first steam locomotive to be restored on GCR in 1989, albeit in 27 days. With the increasing weight of the trains on the GCR, the 18 was put on display at the Williams Depot in 2003. In 2007, it was traded to Brian Fleming in exchange for 2-8-2 No. 539, and it operated on the Mount Hood Railroad right before being sold to the Rio Grande Scenic to operate until 2013. In March 2021, No. 18 has been sold and is now awaiting shipment from Alamosa, Colorado to Boyertown, Pennsylvania.
19
The Grand Canyon excursion railroad, Williams, Arizona LCCN2011632012.tif
Alco January 1910 Steam SC-4 2-8-0 Lake Superior and Ishpeming Static display Never operated on the GCR. It was put on static display at Williams, until being sold to MGM Grand Adventures Theme Park in 1993. In 2004, it was sold to the city of Frisco, Texas for static display in Frisco livery, and it still remains there today. It was almost traded for Santa Fe 3759.
20 SDCX Train Allen Depot.jpg Alco January 1910 Steam SC-4 2-8-0 Lake Superior and Ishpeming Static display Never operated on the GCR. It was put on static display at Williams, until being sold along with No. 18 to Iowa Pacific Holdings in 2007. In October 2020, it was sold to the city of Allen, Texas for static display.
539 Grand Canyon Steam Locomotive Williams 1 (15538801481).jpg Alco September 1917 Steam O-3 2-8-2 Northern Pacific, Spokane Portland and Seattle Static display It was on static display in Battle Ground, Washington for a restoration that never happened. In 2007, it was traded to GCR in exchange for Nos 18 and 20. The GCR had plans to restore the locomotive, but such plans never came to full fruition. It was moved to Williams depot and received a cosmetic repaint to improve its overall looks as a static display. In 2019, it was purchased by the Port of Kalama, who has the hopes of putting the locomotive on static display indoors.

The Arizona State Railroad Museum, not to be confused with the Arizona Railway Museum, has plans to share the property with the CGR and build a museum ground on the Vacant land adjacent to the GCR's locomotive shops, and they currently own five locomotives so far.

Arizona State Railroad Museum's units
Number Image Builder Date Type Former railroad Status Notes
5 Shay No 5 steam locomotive in Williams, Arizona (04).jpg Lima May 1923 Steam Shay Anaconda Copper Mining Co. Static display Never operated in Arizona, but was acquired by the Arizona State Railroad Museum to represent the shays used by various logging and short line railroads in Northern Arizona. Displayed by the Grand Canyon Hotel since 2014.
6   H.K. Porter, Inc. N/A Steam narrow gauge 0-4-0 Fireless locomotive Apache Powder Company Operational As an operational locomotive that only runs on compressed air, No. 6 will be able to run on the property for short-distance train rides, once it arrives in Williams.
1317   EMD May 1949 Diesel NW2 Southern Pacific, Ideal Cement Co. Stored Purchased by the ASRM on March 9, 2018.
1528   Alco July 1952 Diesel S4 Atchison, Topeka and Santa Fe Stored It was once painted in American Freedom Train colors. It was stored in Illinois for several years before the ASRM purchased it in 2017.
3   Alco March 1955 Diesel RS3 Magma Arizona Railroad Stored Stored in Texas and Oklahoma for several years before the ASRM purchased it.
6001   GE December 1972 Electric E60 Black Mesa and Lake Powell Railroad Stored The second to first E60 ever built for the BM&LP. It was purchased by the ASRM shortly after being retired in 2010.

There are also other locomotives that occasionally visit the GCR, whether its for special events like Santa Fe 3751 or modern units from Amtrak, or just for temporary storage, like Manitou and Pike's Peak Railway No. 4.

The railroad carries hundreds of passengers to and from the canyon every day, totaling about 225,000 people per year.

The restored Santa Fe Railway Station in Williams serves as the southern terminus for the Grand Canyon Railway and the Grand Canyon Depot, owned by the National Park Service, is the northern terminus for passengers of the line.

Most trains are pulled by the Railway's fleet of F40PH diesel locomotives. They were regeared to run at freight locomotive speeds and have been redesignated as F40FH. Steam locomotives pull trains on special holidays and the first Saturday of the peak travel season (March through October). The Grand Canyon Railway's fleet of historic ALCO FA diesel locomotives also see occasional use.

Passengers ride to and from the Grand Canyon in 1950s era climate-controlled coaches. During the peak travel season, 1920s era Pullman Harriman style coaches with open windows are also available.

The railroad adds to the Old West experience by having actors dressed as bandits stage a mock train robbery during the return trip from the Grand Canyon to Williams.

The Grand Canyon Railway offers at least one daily round trip of its Williams Flyer train between Williams and the Grand Canyon every day except on Christmas Day, December 25. During peak demand periods a second train departure is added.

During the winter season (November – January), the line runs The Polar Express from Williams to the 'North Pole', a station about 17 miles (30 km) north of town. In 2008, this winter service carried about 78,000 passengers.

The route included stops at Quivero, Valle, Willaha, and Coconino stations.

The entire Grand Canyon Railway has been added to the National Register of Historic Places for being associated with events that made a significant contribution to the broad patterns of the history of the United States. In the nomination to the register, the railroad was credited with, "Opening up of a large area north of Williams, the building of the Grand Canyon National Park facilities at the south rim, establishment of a solid tourist trade in the American Southwest, support of cattle and sheep ranching, copper and uranium mining, lumber industries, and the building of a sub culture around the railroad that continues to this day."

The Grand Canyon Depot was added to the register on September 6, 1974, while the Williams Depot and the rest of the railroad between Williams and the Grand Canyon National Park was added as a Historic District on August 23, 2000. The Grand Canyon Depot was also designated as a National Historic Landmark on May 28, 1987 for its outstanding historical significance.

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: $125.00