Welcome to the Stock Certificates page at Treasured
Stocks, your
rare currency and
rare coin dealers
who offer everything from rare
Confederate money
to old stock certificates. On this page, you'll discover antique and not so
antique stock certificates from the telecommunications industry. Browse and
discover certificates of WorldCom stock, of Sirius stock and of numerous other
now-defunct shares that were traded during the roaring, heady days of the
telecom bubble. It is important to note that most of the more recent telecom
stocks were electronically traded; few hard copy paper stock certificates were
issued. Telecom corporate stock certificate collectors of the few that exist
will likely enjoy rich investment returns.
 |
 |
|
Item # 158 - Price $9.95
$4.95 Shipping
Penn Central Company
Pennsylvania Railroad Company was the largest of the trunkline railroads that connected the East Coast of the United States with the interior. It was chartered in 1846 by the Pennsylvania legislature to build a line between Harrisburg and Pittsburgh. Its first passenger train ran in 1848 between Philadelphia and Pittsburgh.
Through buying the Pittsburgh, Fort Wayne and Chicago Railway, the railroad reached Chicago in 1856. After the American Civil War the railroad expanded to St. Louis, Mo., and Cincinnati, Ohio, in the west and to New York City, Washington, D.C., and Norfolk, Va., in the south and east, ultimately becoming a 10,000-mile system. In 1910, with the completion of a tunnel under the Hudson River, it became the only railroad to enter New York City from the south. It also acquired control of the Long Island Railroad Company.
Throughout most of its history the Pennsylvania was a prosperous railroad, losing money for the first time in 1946. It suffered from the disadvantage that its route to Chicago had to cross the Appalachians, with grades of greater than 0.5 percent. Its chief competitor, the New York Central, had a water-level route to Chicago. In February 1968 the two railroads merged to form the Penn Central Transportation Company, which absorbed the New York, New Haven and Hartford Railroad Company the following year. The new corporation also had a number of subsidiaries in real estate, oil refining, and a variety of other industries.
Penn Central encountered serious management and financial difficulties, however, and was forced into bankruptcy in June 1970. Its passenger services were taken over by the federally established National Railway Passenger Corporation (Amtrak) in 1971. The Penn Central continued to lose money, and, when efforts at reorganization failed, the assets of the railroad were acquired by Consolidated Rail Corporation (Conrail) in April 1976. Operation of the New York-Washington route was later transferred to Amtrak.
|
|
