Name: West Penn Traction & Water Power Company
Brand: Ghosts of Wall Street
SKU: 7509
Price: 25.0 USD
Availability: OutOfStock

West Penn Traction & Water Power Company

In stock
Inventory on the way

Product Details

Beautifully engraved antique stock certificate from the West Penn Traction & Water Power Company dating back to the 1910's. This document, which has been signed by the company President and Assistant Treasurer, was printed by the Franklin-Lee Bank Note Company and measures approximately 11" (w) by 7 3/4" (h).

This certificate's vignette features one of the company's electric trolleys.

Images

You will receive the exact certificate pictured.

Historical Context

This company was originally incorporated on July 11, 1911, under West Virginia laws, as the Black River Water & Power Company. The company's name was changed to the West Penn Traction & Water Pwer Company in April, 1912.

The company acquired, in January, 1912, the entire common stock of the West Penn Traction Company from the American Water Works & Guarantee Company. It also acquired 25% of the stock of the Cheat River Hydro-Electric Company. The West Penn Traction & Water Power Company then leased the West Penn Traction Company effective January 1, 1912, at a rental equaling expenses, maintenance, interest charges and 6% on both common and preferred stocks of the lessee.

On August 1, 1912, the West Penn Traction Company purchased practically all the stock of the Wheeling Traction Company. The West Penn Traction Company was itself incorporated under Pennsylvania laws May 11, 1910, to take over the control of the West Penn Railways, issuing $1,625,000 preferred and $6,500,000 common stock in exchange for $3,250,000 common stock of the West Penn Railways Company. The West Penn Traction Company also controlled, directly and indirectly, the entire common capital stock of the West Penn Power Company, which was formed on March 1, 1916, by merger of 53 electric light and power companies, chartered in Pennsylvania.

The total properties controlled (including the Wheeling Traction Compant) embraced 322.55 miles of electric railways in Pennsylvania, West Virginia, and Ohio; 437.58 miles of transmission lines, which served light and power to 90 municipalities.

In May, 1917, stockholders approved a plan for the consolidation of the West Penn Traction Company and the West Penn Railways under the name of the West Penn Railways Company.

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.

FAQ

Are the certificates offered on your site genuine or reproductions?

All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

No. All of the pieces we sell are either canceled or obsolete and have collectible value only.

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.

How will you ship my order and how much do you charge?

We ship all orders via the United States Postal Service. For orders taking advantage of standard (First Class) shipping within the United States, we offer flat rate pricing, so you pay only the advertised shipping charge regardless of the number of pieces you purchase. Current charges may be reviewed here. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout.

Can I return my purchase?

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.