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Penn Central Co. - dated 1970's Pennsylvania Railway Stock Certificate - Great Railroad History

Inv# RS1157   Stock
State(s): Pennsylvania
Years: 1970's
Color: Pur, Bl, Br, Red

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, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central was a combination of three railroads: the Pennsylvania Railroad (PRR), New York Central System (NYC) and the New York, New Haven and Hartford Railroad (NH). The NH was merged into Penn Central on January 1, 1969.

The legal entity that eventually became the Penn Central Transportation Company was the former Pennsylvania Railroad, which absorbed the New York Central as part of the original 1968 merger and, at the same time, began using the Penn Central name to reflect its merger with the New York Central. The company remained headquartered in Philadelphia after its merger with the New York Central. By 1970, the company had filed for what was, at that time, the largest bankruptcy in U.S. history. Read more: https://en.wikipedia.org/wiki/Penn_Central_Transportation_Company

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: $12.50