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Seatrain Lines, Inc. - dated 1970's Railroad Stock Certificate

Inv# RS1189   Stock
State(s): Delaware
Years: 1970's
Color: Red, Blue or Green

Railroad Stock. Male figure, globes, books, etc. Engraved by Security-Columbian Banknote Co. Available in Red, Blue or Green. Please specify color.

Seatrain Lines, officially the Over-Seas Shipping Company, was a shipping and transportation company conducting operations in the Americas and trans-Pacific regions. Seatrain Lines began intermodal freight transport in December 1928 by transporting entire loaded railroad freight cars between the United States and Cuba. The specially designed ship Seatrain, built in England, was followed in 1932 by two larger ships built in the United States and in 1939 by two additional ships. By the outbreak of World War II the company was operating five ships that became important in the war effort and basis for the design of fifty new ships for military use. A series of business setbacks amid the rise of containerized shipping left the company in perilous financial condition in the 1970s. Seatrain Lines shut down in 1981 after filing for bankruptcy.

Seatrain Lines, the operating name for the Over-Seas Shipping Company, began intermodal container shipping by using entire loaded rail cars between ports in the United States and Havana, Cuba, with the first shipment in December 1928 aboard a specially designed ship, Seatrain. This original ship, built at Swan Hunter & Wigham Richardson, Newcastle and later renamed Seatrain New Orleans, was capable of carrying 95 fully loaded rail cars. Read more at https://en.wikipedia.org/wiki/Seatrain_Lines

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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: $4.50