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Pay-As-You-Enter Car Corporation

$95.00

SKU: 7532
Product Details

Beautifully engraved antique stock certificate from the Pay-As-You-Enter Car Corporation dating back to the 1910's. This document, which is signed by the company Vice President, Treasurer and Assistant Secretary, measures approximately 11 3/4" (w) by 8 1/4" (h). 

 

This certificate features a unique vignette of one of the company's pay as you enter trolley cars.

 

Very desirable piece.


You will receive the exact certificate pictured.
    Historical Context

    The Pay-As-You-Enter Car Corporation was incorporated in Delaware on May 25, 1910, as a successor to the Pay-As-You-Enter-Car Company of New Jersey.

    The company was formed for the purpose of exploiting patents relating to fare collections on street cars.

    In March 1911, the Pay-As-You-Enter Car Corporation merged with the Pay-Within Car Company and the National Pneumatic Company of Chicago resulting in formation of the Prepayment Car Sales Company, located at 50 Church St., New York City.