Philadelphia City Passenger Railway - Stock Certificate
Inv# RS2703 Stock
Stock printed by American Bank Note Co., Phil. Also available unissued at $35.
In connection with the Philadelphia City Passenger Rail Way Company, the West Philadelphia Passenger Railway was an early commuter rail that opened on July 2, 1858. Initially tracks ran from 3rd Street to 41st street along Market Street. Tracks ran over the Permanent Bridge that was completed in 1887. Passengers were transported by "horse-drawn omnibuses". The railway was the second street railway to be chartered in Philadelphia when it was chartered on April 28, 1857. Portions of the railway leading to Darby followed a route similar to that of SEPTA's Route 11 today. People of color were not allowed to use the railways until an Act of the Pennsylvania General Assembly in 1867; however, they were permitted to stand on the platform with the driver.
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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