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Pittsburgh and Lake Erie Railroad Company (Signed by Florence Adele Vanderbilt Twombly)

SKU: 3339
Pittsburgh and Lake Erie Railroad Company Stock Certificate Signed by Florence Adele Vanderbilt Twombly
Pittsburgh and Lake Erie Railroad Company Stock Certificate Signed by Florence Adele Vanderbilt Twombly

Pittsburgh and Lake Erie Railroad Company (Signed by Florence Adele Vanderbilt Twombly)

SKU: 3339
  • Only one piece available...
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$35.00
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You will receive the exact certificate pictured



Guaranteed authentic



Over 100 years old



Capital stock



November 28, 1902



Issued, canceled



Continental Bank Note Company



Hand signed



10 1/2" (w) by 8" (h)


Issued to, and signed by, Florence Adele Vanderbilt Twombly

Florence Adele Vanderbilt Twombly (January 8, 1854 – April 11, 1952) was an American socialite and heiress. She was a member of the prominent Vanderbilt family. She and her husband Hamilton McKown Twombly built Florham, a gilded age estate in Madison, New Jersey.

In 1946, her relationship to her wealth was summarized by Collier's: "[Twombly] owns fifteen automobiles. She pays her chef $25,000 a year. Her butler has four footmen to assist him. Her New York mansion contains seventy rooms. At one of her country places she employs more than a hundred servants. And she does not crave publicity – she hates it!"

Early life

Born on Staten Island on January 8, 1854, she was a daughter of William Henry Vanderbilt (1821–1885) and Maria Louisa Kissam (1821–1896). Her siblings were Cornelius II, Margaret Louisa, William Kissam, Frederick William, Eliza Osgood, Emily Thorn, and George Washington II. Her paternal grandfather was the Commodore Cornelius Vanderbilt (1794–1877), of whom she was the last surviving grandchild when she died aged 98 in 1952.

Residences

Florence was known for her many elaborate homes, including her townhouse at 684 Fifth Avenue in New York City that was designed by John B. Snook and given as a gift from her father, William Henry Vanderbilt. The home was sold to John D. Rockefeller Jr. in 1925, and has since been demolished.

Her Vinland, a Romanesque "cottage" in Newport, Rhode Island, built in 1882 for tobacco heiress Catharine Lorillard Wolfe by Peabody & Stearns, purchased by the Twomblys in 1896 and greatly enlarged. It is now part of Salve Regina University and called McAuley Hall.

Florham, an 800-acre estate in Florham Park, New Jersey, designed by McKim, Mead & White in 1897. Part of it including the manor house now belongs to Farleigh Dickinson University. At Florham, Florence had a fleet of fifteen cars, including six maroon Rolls-Royces.

A second townhouse was a 70-room house located at 1 East 71st Street, New York City that was designed by Whitney Warren and has also since been demolished.

Personal life

In 1877, Florence married Hamilton McKown Twombly (1849-1910). He was a son of Alexander Hamilton Twombly (1804–1870) and Caroline (McKown) Twombly (1821–1881). Together, they had four children:

 

  • Alice Twombly (1879–1896), who died at the age of sixteen on the eve of her society debut.
  • Florence Vanderbilt Twombly (1881–1969), who married William Armistead Moale Burden (1877–1909), a son of I. Townsend Burden, in 1904.
  • Ruth Vanderbilt Twombly (1885–1954), tennis coach and athlete, founder of charity thrift store "The Opportunity Shop" in Manhattan, and philanthropist.
  • Hamilton McKown Twombly Jr. (1888–1906), who drowned in an incident at a summer camp where he was working as a camp counselor.

Morristown farmer Caroline Foster was once invited to a dinner party at the Vanderbilt-Twombly Estate (now part of Fairleigh Dickinson University). Her friend Russel Myers described Foster's experience at the Twomblys':

"[Foster was] greeted at the door by the butler, and Mrs. Twombly would be there. [Foster] would be introduced around and greet everybody and have a drink...After dinner, as was usual in those days, the gentlemen would go to one room with cigars and the ladies would go to another room...[After that,] Mrs. Twombly would come around and see each guest. When she got to the last person, she would say to the butler, "It is time." That meant time to go. People who had never been there before and did not realize what time to have their coachman return were left standing at the door."

Her husband died in 1910 after an extended illness. According to an obituary, his death was from "cancer and a broken heart" over the death of his son. She died April 11, 1952, in New York City, having outlived her husband by 42 years. She is in interred at Woodlawn Cemetery in the Bronx.

The Pittsburgh and Lake Erie Railroad was the creation of William McCreery, a prominent Pittsburgh businessman, merchant, and railroad builder. McCreery had suffered at the hands of Pennsylvania Railroad in a business that had a loss or failed. The Pennsylvania Railroad at the time used discriminatory rates which became a hot issue in Pittsburgh. On May 11, 1870 McCreery and ten other people filed Articles of Association with Pennsylvania Secretary of State. The stated length of the railroad was for 57 miles.

After 2 years the starting group was not very successful at raising the required funds and in 1877 many of the directors were succeeded by a new group of Pittsburgh businessmen. The new group was James I Bennett, David Hostetter, James M. Baily, Mark W. Watson, and James M. Schoonmaker, all influential.

In the spring of 1877, the first rails were laid down in Beaver Falls, which had the largest population other than Pittsburgh. The other reason for this was around February 1877 Jacob Henrici of the Harmony Society had business there. Henrici would also become a director in 1877.

On July 6, 1877, McCreery resigned and Bennett was elected to president with Jacob Henrici becoming a director. Henrici was the key due to his Harmony Society ties which was a communal religious group founded in 1805. In 1880, William Henry Vanderbilt's Lake Shore and Michigan Southern Railway bought stock to the tune of $200,000 in the P&LE. The P&LE would stay in the Vanderbilt's New York Central system until Conrail. Also in 1877, an agreement between the P&LE and the Atlantic & Great Western (Erie) and the Lake Shore and Michigan Southern Railway was reached for routing traffic at Youngstown, Ohio. The final track laying between Pittsburgh and Youngstown was on January 27, 1879.

At the opening in 1879, the P&LE was a poorly built, single track line. Fortunately for the railroad it was an immediate success and money was soon available for improvements.

In 1881, the P&LE became linked with the notorious South Pennsylvania Railroad (South Penn). This would lead to William Henry Vanderbilt to control of the P&LE as a link in the South Penn and the building of the Pittsburgh, McKeesport and Youghiogheny Railroad. The South Pennsylvania Railroad was planned to connect to the PM&Y.

Vanderbilt did this by buying Henry W. Oliver's and the Harmony Society's stock in the P&LE. Then Vanderbilt, aided by Andrew Carnegie, advanced the PM&Y all of the funds to build to Connellsville, Pennsylvania and then lease it to the P&LE for 99 years. The PM&Y in the end was the only part of the South Penn that was built, but it would be an important part of the P&LE. The PM&Y opened in 1883 and leased to the P&LE in 1884. Concurrently in 1883, to get the P&LE ready for the expected new business due to the South Penn linkage, the McKees Rocks shops were built.

The company came under more formal control in the 1887 by the New York Central Railroad. Lake Shore and Michigan Southern Railway's president, John Newell, took over as president of the P&LE in 1887. Under Newell, Reed and Colonel Schoonmaker; the P&LE would become the "Little Giant". From 1887 to 1927, the P&LE would become a heavy duty railroad, with double track all the way from Pittsburgh to Youngstown. The P&LE operated as an independent subsidiary, even after New York Central and Pennsylvania Railroad merged to form Penn Central.

The making of coke in Connellsville had been a big part of P&LE traffic, but by the early 20th century it had lessened. The development of by-products distillation processing of coke had moved to the Pittsburgh area. The P&LE then extended up the Monongahela River to Brownsville, Pennsylvania in 1901. The Pennsylvania Railroad at the same time had extended to Brownsville. Both the PRR and the P&LE had plans to extend even further up the river into West Virginia coke fields. Most likely due to the South Penn, they decided to work together by using the Monongahela Railway.

The Monongahela Railway then was extended south to Martin, Pennsylvania reaching the Kondike Coke fields. Later in 1915 it reached Fairmont, West Virginia.

When Conrail was formed, the Pittsburgh and Lake Erie Railroad again became an independent company because P&LE was owed $15.2 million by Penn Central, and operated as such until its merger into CSX Transportation (CSX).

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All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

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Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

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It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.  

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.  

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We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.

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Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

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Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Do you research stocks and bonds to determine if they are still negotiable?

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

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