Penn Central Co. - 1970's dated Pennsylvania Railway Stock Certificate - Great Railroad History - Available in Purple, Brown, Blue or Red - Please Specify Color
Inv# RS1157 Stock
Railroad Stock. Male figure vignette suspended in front of city with various means of transportation. Available in Purple, Brown, Blue or Red. Please specify color. The Penn Central Transportation Company, often referred to as Penn Central, was a prominent American class I railroad that functioned from 1968 until 1976. This entity was formed through the amalgamation of three railroads: the Pennsylvania Railroad (PRR), the New York Central System (NYC), and the New York, New Haven and Hartford Railroad (NH). The NH officially merged into Penn Central on January 1, 1969. The legal foundation of what became the Penn Central Transportation Company was rooted in the Pennsylvania Railroad, which incorporated the New York Central during the initial merger in 1968. Concurrently, the company adopted the Penn Central name to signify its integration with the New York Central. Following this merger, the company continued to operate from its headquarters in Philadelphia. By 1970, it had filed for what was then recognized as the largest bankruptcy in the history of the United States.
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.
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