Washington Railway and Electric Company
Washington Railway and Electric Company
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Product Details
CompanyWashington Railway and Electric Company
Certificate Type
Common Stock
Date Issued
April 17, 1905
Canceled
Yes
Printer
Western Bank Note Company
Signatures
Hand signed
Approximate Size
12 3/4" (w) by 8 1/2" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Reference
Historical Context
The Washington Railway and Electric Company was the larger of the two major street railway companies in Washington, DC, until 1933. At that time, it was merged with its main competitor, the Capital Traction Company, to form the Capital Transit Company.
The WR&E's core was the Metropolitan Railroad, the second street railway in Washington, which had a main line zigzagging north of Pennsylvania Avenue on streets including F Street North, and it included many other lines in the city and into Maryland suburbs.
The North American Company began to acquire stock in the Washington Railway in 1922, gaining a controlling interest by 1928. North American had once been one of the original stocks in the Dow Jones Industrial Average.
On December 1, 1933, Washington Railway, Capital Traction, and Washington Rapid Transit merged to form the Capital Transit Company. Washington Railway continued as a holding company, owning 50% of Capital Transit and 100% of the Potomac Electric Power Company, but Capital Traction was dissolved.
By December 31, 1933, North American Company owned 50.016% of the voting stock of WR&E. North American also tried to purchase Capital Traction, but never owned more than 2.5% of Capital Traction stock. But for the first time street railways in Washington were under the management of one company.
Capital Transit made several changes. As part of the merger, the Capital Traction generating plant in Georgetown was closed (and in 1943 decommissioned) and Capital Transit used only conventionally supplied electric power. In 1935 it closed several lines and replaced them with bus service. Because the Rockville line in Maryland was one of the lines that was closed, a new terminal, the "Capital Transit Community Terminal," opened at Wisconsin Avenue NW and Western Avenue NW on August 4, 1935.
Washington Railway and Electric Company remained under the ownership of North American Company for the next decade, as a major subsidiary holding company of other lines.
By 1940, North American had become a US$2.3 billion holding company heading up a pyramid of by then 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Washington Railway and Electric Company was by then one of the three major holding companies among the ten direct subsidiaries.
North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.
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Additional Information
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!
All of our pieces are original - 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.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I 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.
How will you ship my order and how much do you charge?
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.
Can I return my purchase?
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.
Shipping
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
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Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.