Washington Railway and Electric Co. - 1907 dated Electric Railroad Stock Certificate
Inv# RS5297 Stock
Large size Stock printed by Western Bank Note Co., Chicago. Particularly attractive! Great color! The Washington Railway and Electric Company (WRECo) was the larger of the two major streetcar companies in Washington, D.C., and its Maryland suburbs in the early decades of the 20th century. Founded as the Washington and Great Falls Electric Railway Company in 1892, the company was appointed by act of Congress in 1900 to acquire several other streetcar companies that had been swept into a failed conglomerate. Consequent acquisitions transformed the company into the region's largest transit operator. Renamed Washington Railway and Electric Company in 1902, it controlled lines from Anacostia in Southeast D.C. past the White House and out to various Maryland cities and towns, including Rockville and Cabin John to the northwest and Hyattsville and Laurel to the northeast. The WRECo operated until 1933, when it was merged with its main competitor, the Capital Traction Company, to form the Capital Transit Company. Read more at https://en.wikipedia.org/wiki/Washington_Railway_and_Electric_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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