Boston Elevated Railway Co. - Railroad Stock Certificate
Inv# RS4424B Stock
Stock printed by John A. Lowell Bank Note Co., Boston. Some staining at top border. The Boston Elevated Railway (BERy) was a streetcar and rapid transit railroad operated on, above, and below, the streets of Boston, Massachusetts and surrounding communities. Founded in 1894, it eventually acquired the West End Street Railway via lease and merger to become the city's primary mass transit provider. Its modern successor is the state-run Massachusetts Bay Transportation Authority (MBTA), which continues to operate in part on infrastructure developed by BERy and its predecessors.
Originally intended to build a short electric trolley line to Brookline, the West End Street Railway was organized in 1887. By the next year it had consolidated ownership of a number of horse-drawn streetcar lines, composing a fleet of 7,816 horses and 1,480 rail vehicles. As the system grew, a switch to underground pulled-cable propulsion (modeled after the San Francisco cable cars) was contemplated. After visiting Frank Sprague and witnessing the Richmond, Virginia system in action, WESR President Henry Whitney chose to deploy electric propulsion systems. A section of track was used to test the Bentley-Knight underground power line, but this was abandoned because of failures and safety concerns (especially after the electrocution of a team of horses in 1889). After competing in operational tests with the Sprague streetcar system, the Thomson-Houston company was chosen for system-wide deployment of overhead wires. The electrified rapid transit system was named an IEEE Milestone in Electrical Engineering in 2004. Read more at https://en.wikipedia.org/wiki/Boston_Elevated_Railway
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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