Monarch Palace Car Co. - Gorgeous Rail Car Stock Certificate
Inv# RS4688 Stock
Stock #5. From Portland, Maine.
Portland is the largest city in the U.S. state of Maine and the seat of Cumberland County. Portland's population was 68,408 in April 2020. The Greater Portland metropolitan area is home to over half a million people, the 104th-largest metropolitan area in the United States. Portland's economy relies mostly on the service sector and tourism. The Old Port district is known for its nightlife and 19th-century architecture. Marine industry still plays an important role in the city's economy, with an active waterfront that supports fishing and commercial shipping. The Port of Portland is the second-largest tonnage seaport in New England.
The city seal depicts a phoenix rising from ashes, a reference to recovery from four devastating fires. Portland was named after the English Isle of Portland, Dorset. In turn, the city of Portland, Oregon was named after Portland, Maine. The word Portland is derived from the Old English word Portlanda, which means "land surrounding a harbor". The Greater Portland area has emerged as an important center for the creative economy, which is also bringing gentrification.
Native Americans originally called the Portland peninsula Machigonne ("Great Neck"). Portland was named for the English Isle of Portland, and the city of Portland, Oregon, was in turn named for Portland, Maine. The first European settler was Capt. Christopher Levett, an English naval captain granted 6,000 acres (2,400 ha) in 1623 to found a settlement in Casco Bay. A member of the Council for New England and agent for Ferdinando Gorges, Levett built a stone house where he left a company of ten men, then returned to England to write a book about his voyage to bolster support for the settlement. Ultimately, the settlement was a failure and the fate of Levett's colonists is unknown. The explorer sailed from England to the Massachusetts Bay Colony to meet John Winthrop in 1630, but never returned to Maine. Fort Levett in the harbor is named for him.
The peninsula was settled in 1632 as a fishing and trading village named Casco. When the Massachusetts Bay Colony took over Casco Bay in 1658, the town's name changed again to Falmouth. In 1676, the village was destroyed by the Abenaki during King Philip's War. It was rebuilt. During King William's War, a raiding party of French and their native allies attacked and largely destroyed it again in the Battle of Fort Loyal (1690).
On October 18, 1775, Falmouth was burned in the Revolution by the Royal Navy under command of Captain Henry Mowat. Following the war, a section of Falmouth called The Neck developed as a commercial port and began to grow rapidly as a shipping center. In 1786, the citizens of Falmouth formed a separate town in Falmouth Neck and named it Portland, after the isle off the coast of Dorset, England. Portland's economy was greatly stressed by the Embargo Act of 1807 (prohibition of trade with the British), which ended in 1809, and the War of 1812, which ended in 1815.
In 1820, Maine was established as a state with Portland as its capital. In 1832, the capital was moved north and East to Augusta. In 1851, Maine led the nation by passing the first state law prohibiting the sale of alcohol except for "medicinal, mechanical or manufacturing purposes." The law subsequently became known as the Maine Law, as 18 states quickly followed. On June 2, 1855, the Portland Rum Riot occurred.
In 1853, upon completion of the Grand Trunk Railway to Montreal, Portland became the primary ice-free winter seaport for Canadian exports. The Portland Company, located on Fore Street, manufactured more than 600 19th-century steam locomotives, as well as engines for trains and boats, fire engines and other railroad transportation equipment. The Portland Company was, for a time, the city's largest employer and many of its employees were immigrants from Canada, Ireland and Italy. Portland became a 20th-century rail hub as five additional rail lines merged into Portland Terminal Company in 1911. These rail lines also facilitated movement of returning Canadian troops from the First World War in 1919. Following nationalization of the Grand Trunk system in 1923, Canadian export traffic was diverted from Portland to Halifax, Nova Scotia, resulting in marked local economic decline. In the 20th century, icebreakers later enabled ships to reach Montreal in winter, drastically reducing Portland's role as a winter port for Canada.
On June 26, 1863, a Confederate raiding party led by Captain Charles Read entered the harbor at Portland leading to the Battle of Portland Harbor, one of the northernmost battles of the Civil War. The 1866 Great Fire of Portland, Maine, on July 4, 1866, ignited during the Independence Day celebration, destroyed most of the commercial buildings in the city, half the churches and hundreds of homes. More than 10,000 people were left homeless.
By act of the Maine Legislature in 1899, Portland annexed the city of Deering, despite a vote by Deering residents rejecting the annexation, thereby greatly increasing the size of the city and opening areas for development beyond the peninsula.
The construction of The Maine Mall, an indoor shopping center established in the suburb of South Portland, during the 1970s, economically depressed downtown Portland. The trend reversed when tourists and new businesses started revitalizing the old seaport, a part of which is known locally as the Old Port. Since the 1990s, the historically industrial Bayside neighborhood has seen rapid development, including attracting a Whole Foods and Trader Joes supermarkets, as well as Baxter Academy for Technology and Science, an increasingly popular charter school. Other rapidly developing neighborhoods include the India Street neighborhood near the Ocean Gateway and Munjoy Hill, where many modern condos have been built. The Maine College of Art has been a revitalizing force downtown, attracting students from around the country. The historic Porteous building on Congress Street was restored by the college. Portland is known as a very walkable city, offering many opportunities for walking tours that feature its maritime and architectural history.
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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