New Paltz & Highland Electric Railroad Company
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Product Details
Company | New Paltz & Highland Electric Railroad Company |
Certificate Type | First Mortgage Gold Bond |
Date Issued | April 1, 1893 |
Canceled | No |
Printer | Korff Bros. & Co. |
Signatures | Hand signed |
Approximate Size |
10 1/2" (w) by 16" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
The New Paltz & Highland Electric Railroad Company was incorporated in New York in 1893.
The company operated a nine-mile trolley line between the two named cities, both of which are located in Ulster County.
The line was laid out along the New Paltz Turnpike, a private toll road at the time. It followed what is now Old New Paltz Road. The new trolley company paid $17,500.00 for the Turnpike Co. stock and promised to continue it as a turnpike. Ninety thousand dollars of capital stock was to be sold at $100 per share to provide the money for building the line, purchasing ties, erecting the overhead power lines, constructing and equipping the powerhouse, and purchasing the moving stock. The electric power was supplied at Loyd, now Highland Fire Station #2, near the intersection of Old New Paltz Road and Route 299. This was convenient as fuel for the electric power station could be delivered by trains that passed just to the south of the powerhouse.
The trolley line improved the economic and social life for almost everyone in Lloyd and New Paltz and those living along its route. It also brought tourists who, after disembarking from the West Shore Railroad or the steamships docked in Highland, would board the trolley and stop along the line at businesses, boarding houses, casinos, churches, and schools, or make connections to go to the Shawangunk mountain resorts west of New Paltz.
The line was sold to the the New Paltz and Wallkill Valley Railroad in 1897.
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Additional Information
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