Waynesburg and Washington Railroad Co. - 1900 dated Railway Transfer Receipt of Stock
Inv# RS5517 Stock
Railroad Transfer Receipt of Stock small size measures 10 1/4" x 3 3/4". The Waynesburg and Washington Railroad was a twenty-eight-mile, three-foot gauge subsidiary of the Pennsylvania Railroad. It started because of the boom in oil and gas, helped all of the natural resource industries to grow and spurred an increase in population in Waynesburg. Coal was already being mined on the eastern end of the county near the river.
From the 1870s through the 1920s, this line (often referred to as the Wayynie) served its namesake towns in Southwestern Pennsylvania. After the 1930s, the line struggled on, mostly on paper. Today, all that remains from the railroad's heyday is one locomotive, a few stations and a few images.
The Waynesburg and Washington Railroad ran between the county seats of Washington and Greene Counties. It was first conceived by John Day in 1874. The charter was signed in 1875 and work began in August of that year. It was to be a three-foot narrow gauge line, because of the current inclination toward the building of those types of lines and because they were cheaper to build. Read more at https://en.wikipedia.org/wiki/Waynesburg_and_Washington_Railroad
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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