Pennsylvania Railroad Company
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Product Details
CompanyPennsylvania Railroad Company
Certificate Type
Capital Stock
Date Issued
1930's, 1940's and 1950's
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
11 3/4" (w) by 7 3/4" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Reference
Historical Context

The Pennsylvania Railroad was founded in 1846 and merged in 1968 into Penn Central Transportation. Commonly referred to as the Pennsy, the company was headquartered in Philadelphia, Pennsylvania. The company's symbol was a keystone (Pennsylvania's symbol) with the letters PRR intertwined inside it. When colored, it was bright red with silver-grey edges and lettering (although it also appears in metal leaf outline on a wooden background on station benches).
The PRR was the largest railroad by traffic and revenue in the US throughout its 20th century existence and for a long while was the largest publicly traded corporation in the world. The corporation still holds the record for the longest continual dividend history: it doled out annual payments to shareholders for more than 100 years in a row.
Like the Reading Railroad, the PRR served Atlantic City, New Jersey; one of the four railroad squares in the board game Monopoly is called Pennsylvania Railroad.
The Standard Railroad of the World
For a long time the PRR called itself the Standard Railroad of the World, meaning that it was perceived as the standard to which all other railroads aspired, the "gold standard". For a long time that was literally true; the railroad had an impressive lists of “firsts,” “greatests,” “biggests,” and “longests.” The PRR was the first railroad to completely replace wooden-bodied passenger cars in favor of steel-bodied cars with greater strength and safety for equivalent weight. It led the way in many such safety and efficiency improvements over the years. These advantages lessened as the years progressed, and the PRR eventually abandoned the use of the slogan.
The Pennsylvania Railroad was standard in another way, too - it was an early proponent of standardization. While other railroads used whatever was at hand or available, the Pennsylvania tested and experimented with solutions until they could decide on one, and then made it standard across the whole company. Other railroads bought locomotives and railroad cars in small lots, taking whatever was available from manufacturers at the time. The PRR produced huge numbers of standardized designs. This gave the railroad a feel of uniformity and greatly reduced costs. The PRR was also an early adopter of standard liveries and color.
The Main Line
The PRR was chartered in 1846 to connect Harrisburg to Pittsburgh, and was completed in 1854. The part east of Harrisburg had been built earlier by the Harrisburg, Portsmouth, Mount Joy and Lancaster Rail-Road to Lancaster and by the Commonwealth of Pennsylvania as part of the Main Line of Public Works to Philadelphia.
Access to New York, Washington and Baltimore
In the early 1860s the PRR gained control of the Northern Central Railway, giving it access to Baltimore along the Susquehanna River (via connections at Columbia or Harrisburg).
On December 1, 1871, the PRR leased the United New Jersey Railroad and Canal Companies, which included the original Camden and Amboy Railroad from Camden, across the Delaware River from Philadelphia, to South Amboy, across Raritan Bay from New York City, as well as a newer line from Philadelphia to Jersey City, much closer to New York, via Trenton. Track connection in Philadelphia was made via the United Companies' Connecting Railway and the jointly-owned Junction Railroad.
The PRR's Baltimore and Potomac Rail Road opened on July 2, 1872 between Baltimore and Washington, but with a required transfer via horse car in Baltimore to the other lines heading north from the city. On June 29, 1873, the Baltimore and Potomac Tunnel through Baltimore was completed, and the PRR initiated the misleadingly-named Pennsylvania Air Line service via the Northern Central Railway and Columbia. This service was 54.5 miles longer than the old route via the Washington Branch of the Baltimore and Ohio Railroad and Philadelphia, Wilmington and Baltimore Railroad, but avoided a transfer in Baltimore. The Union Railroad opened on