MEI Corporation
MEI Corporation
- In stock
- Inventory on the way
Product Details
Company | MEI Corporation |
Certificate Type | Common Stock |
Date Issued | 1970's |
Canceled | Yes |
Printer | American Bank Note Company |
Signatures | Machine printed |
Approximate Size |
12" (w) by 8" (h) |
Product Images |
Representative of the piece you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
The Twin City Rapid Transit Company (TCRT) operated the streetcar and local bus common carrier system in the Minneapolis-St. Paul metropolitan area from the 1890s until 1970. For many years the TCRT corporate umbrella included four operating subsidiaries which functioned as a unified transportation system: Minneapolis Street Railway Company, the St. Paul City Railway Company, Minneapolis & St. Paul Suburban Railroad Company, and the Twin City Motor Bus Company. Other TCRT subsidiaries included the Minnetonka and White Bear Navigation Company, Rapid Transit Real Estate Corporation, and the Transit Supply Company. The Minneapolis Street Railway Company (MSR) and the St. Paul City Railway Company (SPCR) began continuous service in the 1870s as horsecar carriers. In 1886 the two properties began to operate under a single group of owners when Minneapolis businessman Thomas Lowry and his associates gained control of both. Electrification of the horsecar lines began in Minneapolis in 1889 and in St. Paul in 1890.
The Twin City Rapid Transit Company (a New Jersey corporation) was incorporated in 1891 as a holding company, with the MSR and the SPCR as wholly-owned operating subsidiaries. The TCRT was succeeded in 1939 by a new Minnesota corporation of the same name. A management change in 1949 brought New York financier Charles Green to the presidency of the Twin City Rapid Transit Company. Green and his associates decided to abandon the streetcar lines and convert to buses as quickly as possible, apparently in order to maximize their short-term profit. The company's entire streetcar fleet was scrapped and replaced by buses in an aggressive conversion plan completed in 1954 under TCRT president Fred A. Ossanna, a former associate of Green's who managed to oust him in 1951. Ossanna and four of his associates were convicted in 1960 of defrauding the TCRT of company assets, including scrap metal and real estate, during the conversion. Twin City Rapid Transit Company changed its name in 1962 to Minnesota Enterprises Incorporated, and in 1970 this firm became MEI Corporation. MEI left the transit business in 1970 with the takeover of its Twin City Lines subsidiary by the Twin Cities Area Metropolitan Transit Commission, an agency created by the Minnesota Legislature and charged with maintaining and improving public mass transit in the Twin Cities metropolitan area.
Related Collections
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 Information
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.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
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.