|Company||Oakland Traction Company
|Certificate Type||Preferred Stock
|Date Issued||August 22, 1910|
|Printer||American Bank Note Company
11 3/4" (w) by 8" (h)
||Show the exact certificate you will receive|
|Additional Details||Signed on verso by Dennis Searles
In 1895, the Realty Syndicate was formed as a holding company, to begin consolidation of the local street railways in Oakland. Three years later, the company formed an operating company called the Oakland Transit Company, which was to acquire various street railways.
In 1902, the Oakland Transit Company was reorganized as the Oakland Transit Consolidated Company. In 1904, the company was reorganized again as the Oakland Traction Consolidated Company, and two years later it became the Oakland Traction Company.
In 1912, the Oakland Traction Company was merged with the trans-bay San Francisco Oakland & San Jose Consolidated Railway, forming San Francisco-Oakland Terminal Railways. The local and the trans-bay systems continued to be operated separately. The company was sold in 1923 to the Key System Transit Company, and sold in 1946 to the National City Lines as subsidiary Key System Transit Lines.
This entity was then acquired in 1960 by the publicly owned Alameda Contra Costa County Transit District.
This piece is signed on the verso by Dennis Searles. Searles was the Vice President of the Oakland Traction Company when this piece was issued.
Dennis and John Searles discovered Borax on the surface of what was then called Borax Lake (later renamed Searles Lake) in 1862. They then formed the San Bernardino Borax Mining Company in 1873 and operated it until 1897 when they were bought out by the Pacific Borax Company.
The chemicals in Searles Lake which include borax, potash, salt cake and lithium were deposited by the runoff waters from melting ice age glaciers. The Searles' discovery has proved to be the world's richest chemical storehouse, containing half the natural elements known to man (California Registered Historical Landmark Number 774).
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