Twin City Rapid Transit Co. - Streetcar Railway Stock Certificate of Minnesota
Inv# GS6420 Stock
Stock printed by American Bank Note Company (I.B.N.Co.). Available in Brown or Green. Please specify color. The Twin City Rapid Transit Company (TCRT), also known as Twin City Lines (TCL), was a transportation company that operated streetcars and buses in the Minneapolis-St. Paul metropolitan area in the U.S. state of Minnesota. Other types of transportation were tested including taxicabs and steamboats, along with the operation of some destination sites such as amusement parks. It existed under the TCRT name from a merger in the 1890s until it was purchased in 1962. At its height in the early 20th century, the company operated an intercity streetcar system that was believed to be one of the best in the United States. It is a predecessor of the current Metro Transit bus and light rail system that operates in the metro area.
The origins of street rail transport in the Twin Cities are not entirely known. Some sources state that it dates back to 1865, when businessman and mayor Dorilus Morrison began building rails in downtown Minneapolis. He quickly joined forces with Colonel William S. King and other Minneapolis businessmen to create the Minneapolis Street Railway. However, the lines didn't go very far and the railway was useless for a time. There are some indications that a streetcar was purchased but never used, collecting dust for several years. Read more at https://en.wikipedia.org/wiki/Twin_City_Rapid_Transit_Company
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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