{"id":3434214096960,"title":"Michigan Central Railroad Company","handle":"michigan-central-railroad-company-5","description":"\u003cdiv\u003e\u003c\/div\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eNicely engraved antique bond certificate from the Michigan Central Railroad Company dating back to the 1920's. This document, which is signed by the company Vice President and Assistant Secretary, was printed by the American Bank Note Company, and measures approximately 10\" (w) by 15\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate's vignette features a pair of trains passing a group of track workers.\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 src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/MICENRR_d929166d-45eb-4040-a48b-85b7aa5bbc2c_600x600.png?v=1595553339\" alt=\"\" style=\"margin-top: 5px; margin-right: 15px; margin-bottom: 10px; float: left;\" width=\"195\" height=\"197\"\u003e\u003c\/div\u003e\n\u003cp\u003eThe \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/michigan-central-railroad\"\u003e\u003cstrong\u003eMichigan Central Railroad\u003c\/strong\u003e\u003c\/a\u003e operated in the states of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/michigan\"\u003e\u003cstrong\u003eMichigan\u003c\/strong\u003e\u003c\/a\u003e, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/indiana\"\u003e\u003cstrong\u003eIndiana\u003c\/strong\u003e\u003c\/a\u003e, and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/illinois\"\u003e\u003cstrong\u003eIllinois\u003c\/strong\u003e\u003c\/a\u003e in the United States, and the province of Ontario in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/canada\"\u003e\u003cstrong\u003eCanada\u003c\/strong\u003e\u003c\/a\u003e. It was a predecessor of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/new-york-central-railroad\"\u003e\u003cstrong\u003eNew York Central Railroad\u003c\/strong\u003e\u003c\/a\u003e, which later became part of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/penn-central\"\u003e\u003cstrong\u003ePenn Central\u003c\/strong\u003e\u003c\/a\u003e and then Conrail. With the 1998 Conrail breakup, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/norfolk-southern-railroad\"\u003e\u003cstrong\u003eNorfolk Southern\u003c\/strong\u003e\u003c\/a\u003e now owns much of the former Michigan Central trackage. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003ePassenger Service\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe Michigan Central Railroad operated passenger trains between \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chicago-illinois\"\u003e\u003cstrong\u003eChicago\u003c\/strong\u003e\u003c\/a\u003e and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/detroit-michigan\"\u003e\u003cstrong\u003eDetroit\u003c\/strong\u003e\u003c\/a\u003e mostly. These trains were anywhere from locals to the crack Wolverine. Some trains were forwarded over the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/canada-southern-railway\"\u003e\u003cstrong\u003eCanada Southern\u003c\/strong\u003e\u003c\/a\u003e to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/buffalo-new-york\"\u003e\u003cstrong\u003eBuffalo\u003c\/strong\u003e\u003c\/a\u003e and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/new-york-city\"\u003e\u003cstrong\u003eNew York City\u003c\/strong\u003e\u003c\/a\u003e. While Michigan Central was an independent subsidiary of the New York Central System, passenger trains were staged from \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/illinois-central-railroad\"\u003e\u003cstrong\u003eIllinois Central\u003c\/strong\u003e\u003c\/a\u003e's Central Station as a tenant. When MC was formally merged into NYC in the 1950s, trains were re-deployed to NYC's LaSalle Street Station home, where other NYC trains such as the 20th Century Limited were staged. IC sued for breach of contract and won because the MC had a lease that ran for a few more years. The MC route to Porter, Indiana, is now mostly gone. The Kensington Interchange, shared with the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chicago-south-shore-and-south-bend-railway\"\u003e\u003cstrong\u003eSouth Shore Line\u003c\/strong\u003e\u003c\/a\u003e, was cut out. These tracks now belong to Indiana Harbor Belt Railroad, and are wooded stub tracks. Amtrak trains serving the Michigan Central Detroit line now use the former NYC to Porter, where they turn north on Michigan Central. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eFreight Service\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003ePrior to the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/automotive\"\u003e\u003cstrong\u003eautomobile\u003c\/strong\u003e\u003c\/a\u003e, Michigan Central was mostly a carrier of natural resources. Michigan had extensive reserves of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/lumber-companies\"\u003e\u003cstrong\u003etimber\u003c\/strong\u003e\u003c\/a\u003e at the time, and the Michigan Central owned lines from east to west of the state and north to south, tapping all resources available. After the advent of the automobile as one of the most dominant forces of commerce ever seen by the world, with Detroit at the epicenter, the Michigan Central became a carrier of autos and auto-related parts. The Michigan Central was one of the few Michigan railroads with a direct line into Chicago, meaning it did not have to operate cross-lake ferries like the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/flint-and-pere-marquette-railroad\"\u003e\u003cstrong\u003ePere Marquette\u003c\/strong\u003e\u003c\/a\u003e, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/pennsylvania-railroad\"\u003e\u003cstrong\u003ePennsylvania\u003c\/strong\u003e\u003c\/a\u003e, Grand Trunk, or Ann Arbor Railroads - basically, any other railroad operating in Michigan. Michigan Central was part-owner of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/ferry-companies\"\u003e\u003cstrong\u003eferry service\u003c\/strong\u003e\u003c\/a\u003e operated to the upper-peninsula as well as cross-river ferry service to Ontario, but these routes did not exist to circumvent Chicago. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eService to Canada\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe Michigan Central and then parent New York Central owned the Canada Southern Railroad across Ontario from Windsor to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/niagara-falls-new-york\"\u003e\u003cstrong\u003eNiagara Falls\u003c\/strong\u003e\u003c\/a\u003e. The railroad operated a car-float service over the Detroit River, a tunnel below the Detroit River, and a bridge at Niagara Falls. The tunnel was originally electrified at 600vDC, similar to parent New York Central's Grand Central electrification. With the advent of diesels, the electrification was dropped. Control of Canada Southern passed from MC to NYC, then \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/penn-central\"\u003e\u003cstrong\u003ePenn Central\u003c\/strong\u003e\u003c\/a\u003e, then Conrail. During the first decade of Conrail, both the Detroit River tunnels and Canadad Southern were sold to Canadian Pacific. These tunnels have been enlarged to allow loads through that were previously floated over. The car float operation is no longer in service. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eRailroad Ferry and Car Float Service\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eAll major Michigan railroads operated a ferry service across Lake Michigan except the Michigan Central. This can be attributed to MC's most direct route across Southern Michigan from Detroit to Chicago. The Michigan Central also had the best access to Chicago of any Michigan railroad. The Michigan Central did own part of Mackinaw Transportation Company, which operated the Chief Wawatam until 1984. The Chief Wawatam was a front-loading, coal-fired, hand-fed \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/maritime\"\u003e\u003cstrong\u003esteamer\u003c\/strong\u003e\u003c\/a\u003e. It was the last hand-fired steamer in the free world at retirement in 1984 and was long overdue a retirement. The Chief Wawatam still exists, cut down to a barge. The engine has been removed and is under restoration. Car floats also ran across the Detroit River to Windsor, Ontario for high and wide loads that could not fit through the tunnels. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eCompetitors\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe major competitors of the Michigan Central were:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eGrand Trunk Western, controlled by Canadian National (formally merged with and now operated as CN)\u003c\/li\u003e\n\u003cli\u003ePere Marquette, controlled by \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chesapeake-and-ohio-railway\"\u003e\u003cstrong\u003eC\u0026amp;O\u003c\/strong\u003e\u003c\/a\u003e (formally merged in 1947 and now owned by CSX)\u003c\/li\u003e\n\u003cli\u003eAnn Arbor (controlled by \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/wabash-railroad\"\u003e\u003cstrong\u003eWabash\u003c\/strong\u003e\u003c\/a\u003e, then DT\u0026amp;I; now owned by various railroads)\u003c\/li\u003e\n\u003cli\u003ePennsylvania Railroad (merged into Penn Central with MC\/NYC, then into Conrail; owned by various railroads)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eStations and Structures\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eMichigan Central was the owner of Michigan Central Station in Detroit. This grand old station still stands, abandoned and crumbling. At the last visit by this writer, there were virtually no windows intact of the thousands originally built. The Niles, Michigan, station is also a famous station. It has been in movies and is now listed on the National Register of Historic Places. The Michigan Central also built and operated a swing bridge over Trail Creek at Michigan City, Indiana. This swing bridge is similar to the moving span at Spuyten Duyvil owned by parent New York Central, but has no approach spans. It is still in operation and owned by Amtrak. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eJoliet Line\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe Joliet Line, diverging at Porter, Indiana, from the main and running through Dyer, Indiana; Chicago Heights, Illinois; and to Joliet is now cut back and little used. It terminates at State Street in Chicago Heights, Illinois, between the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/union-pacific-railroad\"\u003e\u003cstrong\u003eUnion Pacific\u003c\/strong\u003e\u003c\/a\u003e yard and Elgin, Joliet, and Eastern main tracks.\u003c\/p\u003e","published_at":"2019-04-04T15:53:31-04:00","created_at":"2019-04-04T15:53:31-04:00","vendor":"Ghosts of Wall Street","type":"Bond Certificates","tags":["1920s","Date_1920s","Michigan","Michigan Central Railroad Company","New York Central Railroad","Penn Central","Price_$10 - $19.99","Railroad","Region_Midwest"],"price":1800,"price_min":1800,"price_max":1800,"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":27682308718656,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"1286","requires_shipping":true,"taxable":true,"featured_image":null,"available":true,"name":"Michigan Central Railroad Company","public_title":null,"options":["Default Title"],"price":1800,"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\/1286.png?v=1596624322","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1286vign.png?v=1596624332"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1286.png?v=1596624322","options":["Title"],"media":[{"alt":"Michigan Central Railroad Company Bond Certificate","id":10421448147103,"position":1,"preview_image":{"aspect_ratio":0.667,"height":1874,"width":1250,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1286.png?v=1596624316"},"aspect_ratio":0.667,"height":1874,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1286.png?v=1596624316","width":1250},{"alt":"Michigan Central Railroad Company Bond Certificate","id":10421448212639,"position":2,"preview_image":{"aspect_ratio":1.453,"height":1079,"width":1568,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1286vign.png?v=1596624316"},"aspect_ratio":1.453,"height":1079,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1286vign.png?v=1596624316","width":1568}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003cdiv\u003e\u003c\/div\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eNicely engraved antique bond certificate from the Michigan Central Railroad Company dating back to the 1920's. This document, which is signed by the company Vice President and Assistant Secretary, was printed by the American Bank Note Company, and measures approximately 10\" (w) by 15\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate's vignette features a pair of trains passing a group of track workers.\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 src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/MICENRR_d929166d-45eb-4040-a48b-85b7aa5bbc2c_600x600.png?v=1595553339\" alt=\"\" style=\"margin-top: 5px; margin-right: 15px; margin-bottom: 10px; float: left;\" width=\"195\" height=\"197\"\u003e\u003c\/div\u003e\n\u003cp\u003eThe \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/michigan-central-railroad\"\u003e\u003cstrong\u003eMichigan Central Railroad\u003c\/strong\u003e\u003c\/a\u003e operated in the states of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/michigan\"\u003e\u003cstrong\u003eMichigan\u003c\/strong\u003e\u003c\/a\u003e, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/indiana\"\u003e\u003cstrong\u003eIndiana\u003c\/strong\u003e\u003c\/a\u003e, and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/illinois\"\u003e\u003cstrong\u003eIllinois\u003c\/strong\u003e\u003c\/a\u003e in the United States, and the province of Ontario in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/canada\"\u003e\u003cstrong\u003eCanada\u003c\/strong\u003e\u003c\/a\u003e. It was a predecessor of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/new-york-central-railroad\"\u003e\u003cstrong\u003eNew York Central Railroad\u003c\/strong\u003e\u003c\/a\u003e, which later became part of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/penn-central\"\u003e\u003cstrong\u003ePenn Central\u003c\/strong\u003e\u003c\/a\u003e and then Conrail. With the 1998 Conrail breakup, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/norfolk-southern-railroad\"\u003e\u003cstrong\u003eNorfolk Southern\u003c\/strong\u003e\u003c\/a\u003e now owns much of the former Michigan Central trackage. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003ePassenger Service\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe Michigan Central Railroad operated passenger trains between \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chicago-illinois\"\u003e\u003cstrong\u003eChicago\u003c\/strong\u003e\u003c\/a\u003e and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/detroit-michigan\"\u003e\u003cstrong\u003eDetroit\u003c\/strong\u003e\u003c\/a\u003e mostly. These trains were anywhere from locals to the crack Wolverine. Some trains were forwarded over the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/canada-southern-railway\"\u003e\u003cstrong\u003eCanada Southern\u003c\/strong\u003e\u003c\/a\u003e to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/buffalo-new-york\"\u003e\u003cstrong\u003eBuffalo\u003c\/strong\u003e\u003c\/a\u003e and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/new-york-city\"\u003e\u003cstrong\u003eNew York City\u003c\/strong\u003e\u003c\/a\u003e. While Michigan Central was an independent subsidiary of the New York Central System, passenger trains were staged from \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/illinois-central-railroad\"\u003e\u003cstrong\u003eIllinois Central\u003c\/strong\u003e\u003c\/a\u003e's Central Station as a tenant. When MC was formally merged into NYC in the 1950s, trains were re-deployed to NYC's LaSalle Street Station home, where other NYC trains such as the 20th Century Limited were staged. IC sued for breach of contract and won because the MC had a lease that ran for a few more years. The MC route to Porter, Indiana, is now mostly gone. The Kensington Interchange, shared with the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chicago-south-shore-and-south-bend-railway\"\u003e\u003cstrong\u003eSouth Shore Line\u003c\/strong\u003e\u003c\/a\u003e, was cut out. These tracks now belong to Indiana Harbor Belt Railroad, and are wooded stub tracks. Amtrak trains serving the Michigan Central Detroit line now use the former NYC to Porter, where they turn north on Michigan Central. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eFreight Service\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003ePrior to the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/automotive\"\u003e\u003cstrong\u003eautomobile\u003c\/strong\u003e\u003c\/a\u003e, Michigan Central was mostly a carrier of natural resources. Michigan had extensive reserves of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/lumber-companies\"\u003e\u003cstrong\u003etimber\u003c\/strong\u003e\u003c\/a\u003e at the time, and the Michigan Central owned lines from east to west of the state and north to south, tapping all resources available. After the advent of the automobile as one of the most dominant forces of commerce ever seen by the world, with Detroit at the epicenter, the Michigan Central became a carrier of autos and auto-related parts. The Michigan Central was one of the few Michigan railroads with a direct line into Chicago, meaning it did not have to operate cross-lake ferries like the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/flint-and-pere-marquette-railroad\"\u003e\u003cstrong\u003ePere Marquette\u003c\/strong\u003e\u003c\/a\u003e, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/pennsylvania-railroad\"\u003e\u003cstrong\u003ePennsylvania\u003c\/strong\u003e\u003c\/a\u003e, Grand Trunk, or Ann Arbor Railroads - basically, any other railroad operating in Michigan. Michigan Central was part-owner of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/ferry-companies\"\u003e\u003cstrong\u003eferry service\u003c\/strong\u003e\u003c\/a\u003e operated to the upper-peninsula as well as cross-river ferry service to Ontario, but these routes did not exist to circumvent Chicago. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eService to Canada\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe Michigan Central and then parent New York Central owned the Canada Southern Railroad across Ontario from Windsor to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/niagara-falls-new-york\"\u003e\u003cstrong\u003eNiagara Falls\u003c\/strong\u003e\u003c\/a\u003e. The railroad operated a car-float service over the Detroit River, a tunnel below the Detroit River, and a bridge at Niagara Falls. The tunnel was originally electrified at 600vDC, similar to parent New York Central's Grand Central electrification. With the advent of diesels, the electrification was dropped. Control of Canada Southern passed from MC to NYC, then \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/penn-central\"\u003e\u003cstrong\u003ePenn Central\u003c\/strong\u003e\u003c\/a\u003e, then Conrail. During the first decade of Conrail, both the Detroit River tunnels and Canadad Southern were sold to Canadian Pacific. These tunnels have been enlarged to allow loads through that were previously floated over. The car float operation is no longer in service. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eRailroad Ferry and Car Float Service\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eAll major Michigan railroads operated a ferry service across Lake Michigan except the Michigan Central. This can be attributed to MC's most direct route across Southern Michigan from Detroit to Chicago. The Michigan Central also had the best access to Chicago of any Michigan railroad. The Michigan Central did own part of Mackinaw Transportation Company, which operated the Chief Wawatam until 1984. The Chief Wawatam was a front-loading, coal-fired, hand-fed \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/maritime\"\u003e\u003cstrong\u003esteamer\u003c\/strong\u003e\u003c\/a\u003e. It was the last hand-fired steamer in the free world at retirement in 1984 and was long overdue a retirement. The Chief Wawatam still exists, cut down to a barge. The engine has been removed and is under restoration. Car floats also ran across the Detroit River to Windsor, Ontario for high and wide loads that could not fit through the tunnels. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eCompetitors\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe major competitors of the Michigan Central were:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eGrand Trunk Western, controlled by Canadian National (formally merged with and now operated as CN)\u003c\/li\u003e\n\u003cli\u003ePere Marquette, controlled by \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chesapeake-and-ohio-railway\"\u003e\u003cstrong\u003eC\u0026amp;O\u003c\/strong\u003e\u003c\/a\u003e (formally merged in 1947 and now owned by CSX)\u003c\/li\u003e\n\u003cli\u003eAnn Arbor (controlled by \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/wabash-railroad\"\u003e\u003cstrong\u003eWabash\u003c\/strong\u003e\u003c\/a\u003e, then DT\u0026amp;I; now owned by various railroads)\u003c\/li\u003e\n\u003cli\u003ePennsylvania Railroad (merged into Penn Central with MC\/NYC, then into Conrail; owned by various railroads)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eStations and Structures\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eMichigan Central was the owner of Michigan Central Station in Detroit. This grand old station still stands, abandoned and crumbling. At the last visit by this writer, there were virtually no windows intact of the thousands originally built. The Niles, Michigan, station is also a famous station. It has been in movies and is now listed on the National Register of Historic Places. The Michigan Central also built and operated a swing bridge over Trail Creek at Michigan City, Indiana. This swing bridge is similar to the moving span at Spuyten Duyvil owned by parent New York Central, but has no approach spans. It is still in operation and owned by Amtrak. \u003cbr\u003e\u003cbr\u003e\u003cem\u003e\u003cspan style=\"text-decoration: underline;\"\u003eJoliet Line\u003c\/span\u003e\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003eThe Joliet Line, diverging at Porter, Indiana, from the main and running through Dyer, Indiana; Chicago Heights, Illinois; and to Joliet is now cut back and little used. It terminates at State Street in Chicago Heights, Illinois, between the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/union-pacific-railroad\"\u003e\u003cstrong\u003eUnion Pacific\u003c\/strong\u003e\u003c\/a\u003e yard and Elgin, Joliet, and Eastern main tracks.\u003c\/p\u003e"}

Michigan Central Railroad Company

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Stock Number: 1286
Product Details

Nicely engraved antique bond certificate from the Michigan Central Railroad Company dating back to the 1920's. This document, which is signed by the company Vice President and Assistant Secretary, was printed by the American Bank Note Company, and measures approximately 10" (w) by 15" (h).

This certificate's vignette features a pair of trains passing a group of track workers.

Images

You will receive the exact certificate pictured.

    Historical Context

    The Michigan Central Railroad operated in the states of Michigan, Indiana, and Illinois in the United States, and the province of Ontario in Canada. It was a predecessor of the New York Central Railroad, which later became part of Penn Central and then Conrail. With the 1998 Conrail breakup, Norfolk Southern now owns much of the former Michigan Central trackage.

    Passenger Service

    The Michigan Central Railroad operated passenger trains between Chicago and Detroit mostly. These trains were anywhere from locals to the crack Wolverine. Some trains were forwarded over the Canada Southern to Buffalo and New York City. While Michigan Central was an independent subsidiary of the New York Central System, passenger trains were staged from Illinois Central's Central Station as a tenant. When MC was formally merged into NYC in the 1950s, trains were re-deployed to NYC's LaSalle Street Station home, where other NYC trains such as the 20th Century Limited were staged. IC sued for breach of contract and won because the MC had a lease that ran for a few more years. The MC route to Porter, Indiana, is now mostly gone. The Kensington Interchange, shared with the South Shore Line, was cut out. These tracks now belong to Indiana Harbor Belt Railroad, and are wooded stub tracks. Amtrak trains serving the Michigan Central Detroit line now use the former NYC to Porter, where they turn north on Michigan Central.

    Freight Service

    Prior to the automobile, Michigan Central was mostly a carrier of natural resources. Michigan had extensive reserves of timber at the time, and the Michigan Central owned lines from east to west of the state and north to south, tapping all resources available. After the advent of the automobile as one of the most dominant forces of commerce ever seen by the world, with Detroit at the epicenter, the Michigan Central became a carrier of autos and auto-related parts. The Michigan Central was one of the few Michigan railroads with a direct line into Chicago, meaning it did not have to operate cross-lake ferries like the Pere Marquette, Pennsylvania, Grand Trunk, or Ann Arbor Railroads - basically, any other railroad operating in Michigan. Michigan Central was part-owner of the ferry service operated to the upper-peninsula as well as cross-river ferry service to Ontario, but these routes did not exist to circumvent Chicago.

    Service to Canada

    The Michigan Central and then parent New York Central owned the Canada Southern Railroad across Ontario from Windsor to Niagara Falls. The railroad operated a car-float service over the Detroit River, a tunnel below the Detroit River, and a bridge at Niagara Falls. The tunnel was originally electrified at 600vDC, similar to parent New York Central's Grand Central electrification. With the advent of diesels, the electrification was dropped. Control of Canada Southern passed from MC to NYC, then Penn Central, then Conrail. During the first decade of Conrail, both the Detroit River tunnels and Canadad Southern were sold to Canadian Pacific. These tunnels have been enlarged to allow loads through that were previously floated over. The car float operation is no longer in service.

    Railroad Ferry and Car Float Service

    All major Michigan railroads operated a ferry service across Lake Michigan except the Michigan Central. This can be attributed to MC's most direct route across Southern Michigan from Detroit to Chicago. The Michigan Central also had the best access to Chicago of any Michigan railroad. The Michigan Central did own part of Mackinaw Transportation Company, which operated the Chief Wawatam until 1984. The Chief Wawatam was a front-loading, coal-fired, hand-fed steamer. It was the last hand-fired steamer in the free world at retirement in 1984 and was long overdue a retirement. The Chief Wawatam still exists, cut down to a barge. The engine has been removed and is under restoration. Car floats also ran across the Detroit River to Windsor, Ontario for high and wide loads that could not fit through the tunnels.

    Competitors

    The major competitors of the Michigan Central were:

    • Grand Trunk Western, controlled by Canadian National (formally merged with and now operated as CN)
    • Pere Marquette, controlled by C&O (formally merged in 1947 and now owned by CSX)
    • Ann Arbor (controlled by Wabash, then DT&I; now owned by various railroads)
    • Pennsylvania Railroad (merged into Penn Central with MC/NYC, then into Conrail; owned by various railroads)


    Stations and Structures

    Michigan Central was the owner of Michigan Central Station in Detroit. This grand old station still stands, abandoned and crumbling. At the last visit by this writer, there were virtually no windows intact of the thousands originally built. The Niles, Michigan, station is also a famous station. It has been in movies and is now listed on the National Register of Historic Places. The Michigan Central also built and operated a swing bridge over Trail Creek at Michigan City, Indiana. This swing bridge is similar to the moving span at Spuyten Duyvil owned by parent New York Central, but has no approach spans. It is still in operation and owned by Amtrak.

    Joliet Line

    The Joliet Line, diverging at Porter, Indiana, from the main and running through Dyer, Indiana; Chicago Heights, Illinois; and to Joliet is now cut back and little used. It terminates at State Street in Chicago Heights, Illinois, between the Union Pacific yard and Elgin, Joliet, and Eastern main tracks.

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