United Transit Company (Rhode Island, Certificate #1)
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Product Details
Nicely engraved antique bond certificate from the United Transit Company dating back to the 1950's. This document, which has been hand signed by the company Vice President and Secretary, was printed by the Columbian Bank Note Company and measures approximately 15" (w) by 10" (h).
This certificate's vignette features an eagle on a crag.
Images
You will receive the exact certificate pictured.
Historical Context
The Rhode Island Public Transit authority first began in 1865 as a privately owned horse-operated system known as the Union Railroad. Transportation was rapidly transformed with the introduction of the electric trolley car in 1889. By 1902, the Union Railroad became the Rhode Island Company, and just four years late in 1906, became a part of the New Haven Railroad.
Over the years, the transit system saw the rapid increase of services and passengers. In 1921, it was reorganized as United Electric Railways Company, only to be purchased in 1926 by the New England Power Company and Rhode Island Service Company.
Soon enough, the system was reinvented as the United Transit Company in 1951 and several years later, buses replaced the trolley system. In 1964, the Rhode Island General Assembly created the Rhode Island Public Transit Authority. Services began in July of 1966, ending the privatization of transit system in Rhode Island.
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.
