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Chestnut Hill Rail Road Company

$25.00

SKU: 8355
Product Details

Intricately engraved antique stock certificate from the Chestnut Hill Rail Road Company dating back to the 1940's. This document, which has been signed by the company President and Secretary, was printed by Theo. Leonhardt & Sons and measures approximately 11 3/4" (w) by 7 3/4" (h).

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    Historical Context

    The Chestnut Hill Railroad Company was incorporated in Pennsylvania in 1848 to own the railroad planned for Chestnut Hill. An eastern and western route were surveyed to Chestnut Hill in 1848 by William E. Morris, and the eastern route was chosen for the line. The railroad was opened to traffic on December 1, 1854. It was operated by the Philadelphia, Germantown and Norristown Railroad Company (PG&N) from December 1, 1854 until November 30, 1870, under a lease dated March 17, 1852. By agreement dated November 10, 1870, the lease was assigned by the PG&N to The Philadelphia & Reading Railroad Company. By indenture dated November 30, 1870, a new lease was made by the Chestnut Hill Railroad Company to The Philadelphia & Reading Railroad Company for 999 years from December 1, 1870. The obligation of The Philadelphia & Reading Railroad Company was assumed by the Philadelphia and Reading Railway Company on December 1, 1896, and the lease was amended in certain respects by Agreement dated January 27, 1897.

    The line was elevated in 1930. Electrified service to Chestnut Hill (and to Norristown) was opened on February 5, 1933. By order dated March 23, 1940, in Finance Docket No. 12749, the Interstate Commerce Commission authorized Reading Company to acquire control of the Chestnut Hill Railroad Company by purchase of additional shares of capital stock. On December 31, 1948, the Chestnut Hill Railroad Company was merged into Reading Company. The line continued to be operated as part of the Reading Company's passenger lines up until April 1, 1976, when the Reading's passenger lines were conveyed to SEPTA as part of the company's bankruptcy reorganization.