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Pullman Transport Leasing Company

$3.00

SKU: 3172gr
Product Details

Beautifully engraved bond stock certificate from the Pullman Transport Leasing Company dating back to the 1970's. This document was printed by the Security-Columbian Bank Note Company and measures approximately 12" (w) by 8" (h). 

 

This certificate features a detailed vignette of a male figure with a globe, sledgehammer, winged wheel and a stack of books. 

The images presented are representative of the piece(s) you will receive. When representative images are presented for one of our offerings, you will receive a certificate in similar condition as the one pictured; however dating, denomination, certificate number and issuance details may vary.

    Historical Context

    he Pullman Palace Car Company, owned by George Pullman, manufactured railroad cars in the mid to late 1800s through the early decades of the 20th century, during the boom of railroads in the United States. Pullman developed the sleeping car which carried his name into the 1980s. They were especially known for building luxury sleeping cars which featured carpeting, draperies, upholstered chairs, libraries and card tables and an unparalleled level of customer service.

    The company built a company town, Pullman, on 4,000 acres just south of the city limits of Chicago in 1880. The town, entirely company-owned, provided housing, markets, a library, churches and entertainment for the 6,000 company employees and an equal number of dependents. One employee is quoted as saying "We are born in a Pullman house, fed from the Pullman shops, taught in the Pullman school, catechized in the Pullman Church, and when we die we shall go to the Pullman Hell". Alcohol was prohibited in the town, as George Pullman found it a disdainful habit for his workers; though it was available in the company's Florence Hotel, primarily for the benefit of the hotel guests, but was generally too expensive for laborers.

    Once a household name due to their large market share, the Pullman Company is also known for the bitter Pullman Strike staged by their workers and union leaders in 1893. During a economic downturn, Pullman reduced hours and wages but not rents leading to the strike. Workers joined the American Railway Union, led by Eugene V. Debs.

    In 1898, the Illinois Supreme Court required the company to sell off the town which was annexed into the city of Chicago. Today, Pullman is a City, State and National Landmark District with an integrated population that has a strong drive towards restoration of this unique district.

    After George Pullman's death in 1898, Robert Todd Lincoln, son of Abraham Lincoln became company president. The company closed its factory in the Pullman neighborhood in 1957.

    Pullman purchased the Standard Steel Car Company in 1930 amid the Great Depression, and the merged entity was known as Pullman-Standard Car Manufacturing Company. The company ceased to be in 1987 when it was absorbed by Bombardier.

    Pullman Transport Leasing was a Pullman subsidiary, handling the company's rail car leasing program.

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