Virginia Railway and Power Company
Beautifully engraved antique stock certificate from the Virginia Railway and Power Company dating back to the early 1900's. This document, which is signed by the company President and Secretary, was a printed by the American Bank Note Company, and measures approximately 12" (w) by 8" (h).
This certificate's intricate vignette features a pair of allegorical female figures flanking a dynamo. Two trolleys appear in the background.
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.
On June 29, 1909, the Virginia Railway and Power Company was incorporated to acquire three of the largest railway companies in Richmond. This was the real beginning of the present Virginia Electric and Power Company.
Two years later, a merger with several Tidewater railway companies took place and the enlarged organization became the purveyors of light and power, operators of street railways and distributors of manufactured gas.
A major milestone, probably the most significant in the company's history, came in 1925. With an insight as a result of a valuation study in 1920 in connection with fare and franchise hearings, Stone & Webster, Inc., a New York engineering and consulting firm, had become interested in the potential growth of the Virginia Railway and Power Company and the area it served. Stone & Webster and four investment firms formed a syndicate to buy the Virginia Railway and Power from Frank Jay Gould, who was the principal owner. Engineers Public Service, a subsidiary holding company, was then formed to own and manage these and other Stone & Webster properties.
The first step was to merge the Spotsylvania Power Company of Fredericksburg with the Virginia Railway and Power Company. The second step was to change the name to Virginia Electric and Power Company, thus de-emphasizing the transportation end of the business. By this merger, Vepco also gained title to properties in North Carolina, mostly along the Roanoke River.