Philadelphia Traction Company Stocks & Bonds - Ghosts of Wall Street

Philadelphia Traction Company

17 products
    In 1883 a trio of entrepreneurs, William Kemble, Peter A. B. Widener, and William Lukens Elkins, formed the Philadelphia Traction Company to acquire existing streetcar lines and convert them to cable operation. The higher costs of the cable car infrastructure started the consolidation of the various routes into larger concerns despite restrictions on mergers and cross-ownership (usually avoided by the use of long-term leases and holding companies).

    By the mid-1880s, however, the electric trolley was invented and it was clearly the technology of the future. Unfortunately Philadelphia Traction’s investment in cable cars and the small size of most other companies contributed to Philadelphia’s slow adoption of trolleys (as did safety and aesthetic concerns among the public). Following the conservative Kemble’s death in 1891, Widener decided to abandon cable operation for electrification. The first electric line on Bainbridge and Catharine streets opened in 1892, and the horse cars made their final runs in Philadelphia just five years later. In 1895 Widener and Elkins formed the Union Traction Company and within three years it controlled nearly all the lines in the city - including the Philadelphia Traction Company, which was leased on October 6.

    To help increase off-peak ridership, the company built a large amusement park at Willow Grove in the northern suburbs in 1895. One of the region’s other successful amusement parks, Woodside in Fairmount Park, was owned by the Fairmount Park Transportation Company, which operated a popular trolley line through the park from 1897 to 1946.
    17 products
    Continental Passenger Railway Company of Philadelphia Stock Certificate
    Continental Passenger Railway Company of Philadelphia Stock Certificate
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    Philadelphia & Gray's Ferry Passenger Railway Company Stock Certificate
    Philadelphia & Gray's Ferry Passenger Railway Company
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    Philadelphia City Passenger Railway Company Stock Certificate
    Philadelphia City Passenger Railway Company Stock Certificate
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    Philadelphia City Passenger Railway Company Bond Certificate
    Philadelphia City Passenger Railway Company Bond Certificate
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    Philadelphia City Passenger Railway Company Stock Certificate
    Philadelphia City Passenger Railway Company Stock Certificate
    Philadelphia City Passenger Railway Company
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    Philadelphia City Passenger Railway Company Stock Certificate
    Philadelphia City Passenger Railway Company Stock Certificate
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    Philadelphia Traction Company Stock Certificate
    Philadelphia Traction Company Stock Certificate
    Philadelphia Traction Company
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    Philadelphia Traction Company Stock Certificate
    Philadelphia Traction Company Stock Certificate
    Philadelphia Traction Company
    $12.00
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    Philadelphia Traction Company Stock Certificate
    Philadelphia Traction Company Stock Certificate
    Philadelphia Traction Company
    $15.00
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    Philadelphia Traction Company Stock Certificate Signed by George Widener
    Philadelphia Traction Company Stock Certificate Signed by George Widener
    Philadelphia Traction Company (Signed by George Widener)
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    Philadelphia Traction Company Stock Certificate Signed by George Widener
    Philadelphia Traction Company Stock Certificate Signed by George Widener
    Philadelphia Traction Company (Signed by George Widener)
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    Ridge Avenue Passenger Railway Company Stock Certificate
    Ridge Avenue Passenger Railway Company Stock Certificate
    Ridge Avenue Passenger Railway Company
    $19.00
    Ridge Avenue Passenger Railway Company Stock Certificate
    Ridge Avenue Passenger Railway Company Stock Certificate
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    $55.00
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    Ridge Avenue Passenger Railway Company Stock Certificate
    Ridge Avenue Passenger Railway Company Stock Certificate
    Ridge Avenue Passenger Railway Company
    $25.00
    Union Passenger Railway Company of Philadelphia Stock Certificate
    Union Passenger Railway Company of Philadelphia Stock Certificate
    Union Passenger Railway Company of Philadelphia
    $29.00
    Union Passenger Railway Company of Philadelphia Stock Certificate Signed by Peter AB Widener
    Union Passenger Railway Company of Philadelphia Stock Certificate Signed by Peter AB Widener
    Union Passenger Railway Company of Philadelphia (Signed by Peter AB Widener)
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