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{"id":3543906287680,"title":"Key System Transit Company","handle":"key-system-transit-company","description":"\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eBeautifully engraved antique stock certificate from the Key System Transit Company dating back to the 1920's. This document, which is signed by the company Vice President, was printed by the Republican Bank Note Company and measures approximately 12 1\/2\" (w) by 8 3\/4\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate's vignette features a female allegorical figure (Columbia) with a shield.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cdiv style=\"text-align: left;\"\u003e\u003cimg style=\"margin-right: 25px; margin-bottom: 10px; float: left;\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/KEYSYSTEM.png?v=1613085123\"\u003e\u003c\/div\u003e\n\u003cp\u003eThe \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/key-system\"\u003e\u003cstrong\u003eKey System\u003c\/strong\u003e\u003c\/a\u003e was a privately owned mass transit company that serviced \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/san-francisco\"\u003e\u003cstrong\u003eSan Francisco\u003c\/strong\u003e\u003c\/a\u003e and the East Bay from 1903 to 1960, when it was taken over by AC Transit after a prolonged series of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/frauds-scandals-collapses\"\u003e\u003cstrong\u003escandals and missteps\u003c\/strong\u003e\u003c\/a\u003e. Originally the San Francisco, Oakland and San Jose Railway (SFOSJR), the company underwent several transformations and reorganizations until 1923, when it was renamed the Key System Transit Company, and 1938, when it then was renamed simply Key System. \u003cbr\u003e\u003cbr\u003eIn 1946, National City Lines became majority shareholders in the company, and began decommissioning \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/trolley\"\u003e\u003cstrong\u003estreetcars\u003c\/strong\u003e\u003c\/a\u003e in favor of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/buses\"\u003e\u003cstrong\u003ebuses\u003c\/strong\u003e\u003c\/a\u003e; in 1947, nine corporations were convicted of conspiring to monopolize bus sales by the Federal District Court of Southern California, and in 1949, National City, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/general-motors\"\u003e\u003cstrong\u003eGeneral Motors\u003c\/strong\u003e\u003c\/a\u003e, and others were convicted of conspiring to monopolize the sale of buses to their subsidiary companies.\u003cbr\u003e\u003cbr\u003eThe Great Streetcar Scandal, as it came to be known, brought Key System to disgrace, and was a major factor in causing transbay ridership to plummet from 22 million in 1946 to 9.8 million in 1952. By 1958, Key System’s early success had been completely eroded by corruption, anemic ridership, and the greater shift nationally to automobile transportation. Its last commuter train run was on April 20, 1958; in 1960 AC Transit took over operation of the Key System facilities.\u003c\/p\u003e","published_at":"2019-04-22T15:06:51-04:00","created_at":"2019-04-22T15:06:51-04:00","vendor":"Ghosts of Wall Street","type":"Stock Certificates","tags":["*K*","1920s","California","Date_1920s","Frauds Scandals \u0026 Collapses","Key System Transit","Oakland","Price_$20 - $49.99","Region_West","San Francisco","San Jose","Trolley"],"price":4500,"price_min":4500,"price_max":4500,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":28133090951232,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"7415","requires_shipping":true,"taxable":true,"featured_image":null,"available":true,"name":"Key System Transit Company","public_title":null,"options":["Default Title"],"price":4500,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415.png?v=1606672187","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415vign.png?v=1606672193"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415.png?v=1606672187","options":["Title"],"media":[{"alt":"Key System Transit Company Stock Certificate","id":12664931352735,"position":1,"preview_image":{"aspect_ratio":1.375,"height":1127,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415.png?v=1606672184"},"aspect_ratio":1.375,"height":1127,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415.png?v=1606672184","width":1550},{"alt":"Key System Transit Company Stock Certificate","id":12664931385503,"position":2,"preview_image":{"aspect_ratio":1.687,"height":837,"width":1412,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415vign.png?v=1606672183"},"aspect_ratio":1.687,"height":837,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/7415vign.png?v=1606672183","width":1412}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eBeautifully engraved antique stock certificate from the Key System Transit Company dating back to the 1920's. This document, which is signed by the company Vice President, was printed by the Republican Bank Note Company and measures approximately 12 1\/2\" (w) by 8 3\/4\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate's vignette features a female allegorical figure (Columbia) with a shield.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cdiv style=\"text-align: left;\"\u003e\u003cimg style=\"margin-right: 25px; margin-bottom: 10px; float: left;\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/KEYSYSTEM.png?v=1613085123\"\u003e\u003c\/div\u003e\n\u003cp\u003eThe \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/key-system\"\u003e\u003cstrong\u003eKey System\u003c\/strong\u003e\u003c\/a\u003e was a privately owned mass transit company that serviced \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/san-francisco\"\u003e\u003cstrong\u003eSan Francisco\u003c\/strong\u003e\u003c\/a\u003e and the East Bay from 1903 to 1960, when it was taken over by AC Transit after a prolonged series of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/frauds-scandals-collapses\"\u003e\u003cstrong\u003escandals and missteps\u003c\/strong\u003e\u003c\/a\u003e. Originally the San Francisco, Oakland and San Jose Railway (SFOSJR), the company underwent several transformations and reorganizations until 1923, when it was renamed the Key System Transit Company, and 1938, when it then was renamed simply Key System. \u003cbr\u003e\u003cbr\u003eIn 1946, National City Lines became majority shareholders in the company, and began decommissioning \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/trolley\"\u003e\u003cstrong\u003estreetcars\u003c\/strong\u003e\u003c\/a\u003e in favor of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/buses\"\u003e\u003cstrong\u003ebuses\u003c\/strong\u003e\u003c\/a\u003e; in 1947, nine corporations were convicted of conspiring to monopolize bus sales by the Federal District Court of Southern California, and in 1949, National City, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/general-motors\"\u003e\u003cstrong\u003eGeneral Motors\u003c\/strong\u003e\u003c\/a\u003e, and others were convicted of conspiring to monopolize the sale of buses to their subsidiary companies.\u003cbr\u003e\u003cbr\u003eThe Great Streetcar Scandal, as it came to be known, brought Key System to disgrace, and was a major factor in causing transbay ridership to plummet from 22 million in 1946 to 9.8 million in 1952. By 1958, Key System’s early success had been completely eroded by corruption, anemic ridership, and the greater shift nationally to automobile transportation. Its last commuter train run was on April 20, 1958; in 1960 AC Transit took over operation of the Key System facilities.\u003c\/p\u003e"}

Key System Transit Company

$45.00
Maximum quantity available reached.
Stock Number: 7415
Product Details

Beautifully engraved antique stock certificate from the Key System Transit Company dating back to the 1920's. This document, which is signed by the company Vice President, was printed by the Republican Bank Note Company and measures approximately 12 1/2" (w) by 8 3/4" (h).

This certificate's vignette features a female allegorical figure (Columbia) with a shield.

Images

You will receive the exact certificate pictured.

    Historical Context

    The Key System was a privately owned mass transit company that serviced San Francisco and the East Bay from 1903 to 1960, when it was taken over by AC Transit after a prolonged series of scandals and missteps. Originally the San Francisco, Oakland and San Jose Railway (SFOSJR), the company underwent several transformations and reorganizations until 1923, when it was renamed the Key System Transit Company, and 1938, when it then was renamed simply Key System.

    In 1946, National City Lines became majority shareholders in the company, and began decommissioning streetcars in favor of buses; in 1947, nine corporations were convicted of conspiring to monopolize bus sales by the Federal District Court of Southern California, and in 1949, National City, General Motors, and others were convicted of conspiring to monopolize the sale of buses to their subsidiary companies.

    The Great Streetcar Scandal, as it came to be known, brought Key System to disgrace, and was a major factor in causing transbay ridership to plummet from 22 million in 1946 to 9.8 million in 1952. By 1958, Key System’s early success had been completely eroded by corruption, anemic ridership, and the greater shift nationally to automobile transportation. Its last commuter train run was on April 20, 1958; in 1960 AC Transit took over operation of the Key System facilities.

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