Philadelphia, Castle Rock and West Chester Railway Co. - Railroad Stock Certificate
Inv# RS4403 Stock
Stock printed by American Banknote Co., Phila. Signed by Abraham Merritt Taylor.
The Philadelphia Castle Rock and West Chester Railway was an operator of steam dummy trains. It opened a line in 1895, and was taken over (along with the Philadelphia and West Chester Turnpike Road Company) by the newly incorporated Philadelphia and West Chester Traction Company. Read more at https://metro.fandom.com/wiki/Philadelphia_Castle_Rock_and_West_Chester_Railway
Abraham Merritt Taylor was a visionary and if his ambitious plans had been executed, Philadelphia would be a very different place.
A. Merritt Taylor was named Philadelphia’s first director of City Transit in 1912. While serving as director he produced a series of plans for rapid transit in Philadelphia that are collectively referred to as the Taylor Plans. In addition to the Market Street Subway and Elevated which had opened in 1907, Taylor advocated the immediate construction of the Frankford Elevated, the Broad Street Subway with spurs to to the Northeast and Germantown, the Darby Elevated, a subway under the Parkway and elevated to Roxborough.
In his 1913 report, Taylor lays out his future plans for Philadelphia’s Rapid Transit. In addition to the rail lines that he had previously urged be built, he added lines on Girard and Allegheny Avenue, an elevated to Southwest Philadelphia, a second elevated to the Northeast and conversion of the Pennsylvania Railroad’s Chestnut Hill line to rapid transit. He also proposed a Chestnut Street tunnel connecting Philadelphia to Camden. Read more at https://www.facebook.com/oldimagesofphiladelphia/posts/abraham-merritt-taylor-was-a-visionary-and-if-his-ambitious-plans-had-been-execu/3785876688141908/
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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