New York Railways Participation Corporation/New York Railways Corporation
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Product Details
Company | New York Railways Participation Corporation/New York Railways Corporation |
Certificate Type | Stock Trust |
Date Issued | June 29, 1926 |
Canceled | Yes |
Printer | American Bank Note Company |
Signatures | Hand signed |
Approximate Size |
13 1/2" (w) by 9 1/2" (h) |
Product Images |
Representative of the piece you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
In the early 1900’s, the larger of the two Manhattan streetcar systems was the Metropolitan Street Railway system, which was a bit of a house of cards that broke up in part after bankruptcy in 1908. The core company became the New York Railways system, which passed to the New York Railways Corporation, which operated under this name from 1925 to 1936.
The New York Railways Corporation was controlled by the Fifth Avenue Coach Company (and therefore ultimately by General Motors, which operated the Fifth Avenue Coach Company. In 1925, the New York Railways acquired control of the Manhattan Surface Coach Company, which was re-named the New York City Omnibus Corporation from 1930 to 1956.
The streetcar lines were converted to bus in 1936, when the New York Railways Company was liquidated and control passed to Fifth Avenue Coach and The Omnibus Corp. So as of 1936 the Fifth Avenue Corporation and NYC Omnibus systems were under common control.
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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.