Pittsburgh and West Virginia Railway Co. - 1940's-50's dated Railroad Stock Certificate
Inv# RS1172 Stock
West Virginia
Railroad Stock printed by American Bank Note Company. A great vignette! Locomotive in a roundhouse with 4 other locomotives converging with rays of sun beaming down. Available in Blue or Brown. Please specify color.
The Pittsburgh and West Virginia Railway, designated by the reporting mark PWV, operated in the regions of Pittsburgh, Pennsylvania, and Wheeling, West Virginia. Initially established as the Wabash Pittsburgh Terminal Railway, it served as an extension of George J. Gould's Wabash Railroad. The enterprise faced financial difficulties and entered receivership in 1908, leading to its separation from the original company. An extension completed in 1931 linked it to the Western Maryland Railway at Connellsville, Pennsylvania, thereby becoming part of the Alphabet Route, a network of independent rail lines connecting the Northeastern United States with the Midwest. In 1964, the Norfolk and Western Railway leased the line as part of its acquisition of several segments of the former Alphabet Route; however, it was subsequently leased to the newly formed Wheeling and Lake Erie Railway in 1990, shortly before the Norfolk and Western merged with the Norfolk Southern Railway.
The original Wabash Pittsburgh Terminal Railway was responsible for constructing several significant engineering projects, including the Wabash Terminal located in downtown Pittsburgh, which suffered damage from two fires in 1946 and was ultimately demolished in 1953. The Wabash Bridge, spanning the Monongahela River into Pittsburgh, was dismantled in 1948. On December 27, 2004, the Wabash Tunnel, situated just southwest of the former bridge, was inaugurated as a high-occupancy vehicle roadway through Mount Washington. As of January 2020, the two piers of the now-demolished Wabash Bridge still stand. The railway also featured a branch line to West End, Pennsylvania, which was abandoned in 2011, and another branch known as the Mifflin Branch leading to West Mifflin, Pennsylvania. Additionally, there exists a small industrial branch near Belle Vernon, Pennsylvania.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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