Illinois Traction Co. - 1911-1914 dated Railroad Stock Certificate

Stock printed by British American Bank Note Co., Ottawa. The Illinois Terminal Railroad Company (reporting mark ITC), known as the Illinois Traction System until 1937, was a heavy duty interurban electric railroad with extensive passenger and freight business in central and southern Illinois from 1896 to 1956. When Depression era Illinois Traction was in financial distress and had to reorganize, the Illinois Terminal name was adopted to reflect the line's primary money making role as a freight interchange link to major steam railroads at its terminal ends, Peoria, Danville, and St. Louis. Interurban passenger service slowly was reduced, ending in 1956. Freight operation continued but was hobbled by tight street running in some towns requiring very sharp radius turns. In 1956, ITC was absorbed by a consortium of connecting railroads.

ITC was a successor in interest to a series of interurban railroads that were consolidated in the early 1900s by businessman William B. McKinley into the Illinois Traction System (ITS), an affiliate of the Illinois Power and Light Company. The Illinois Traction System, at its height, provided electric passenger rail service to 550 miles (900 km) of tracks in central and southern Illinois. The system's Y-shaped main line stretched from St. Louis to Springfield, Illinois, with branches onward from Springfield northwest to Peoria and eastward to Danville. A series of affiliated street-level city trolley lines provided local passenger service in many of the cities served by the main line. The longest-lived segment was at East St. Louis area of the line descended from an Edwardsville-Alton interurban line bought by the Illinois Traction System in 1928. Because the Illinois Traction/Illinois Terminal traversed some towns on street trackage with very tight turns, freight operation required the use of short trains and special hardware. New bypass trackage was constructed around some towns for freight operation to partially solve this problem. Springfield was an example of this. In a few other towns, arrangements were made with a parallel steam railroad for trackage rights in order to provide a bypass. An example of difficult town running (for the town as well as the railroad) was at Morton, Illinois, just east of Peoria, where a heavy duty well maintained track with trolley catenary suddenly found itself running down the center of the town's brick paved main street. The system initially utilized electrification at 3,300-volt single phase alternating current between 1907 and about 1910 when it was re-electrified to 650-vold direct current. Read more at https://en.wikipedia.org/wiki/Illinois_Terminal_Railroad

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