Wayne Junction Connecting Railway Co. - Unissued Railroad Stock Certificate
Inv# RS4416 Stock
Unissued Stock.
For most of the first half of the 20th century, Wayne Junction served as the Reading Railroad's counterpart to the Pennsylvania Railroad's North Philadelphia station, 2 miles (3.2 km) away. It served a very busy and prosperous business and residential area, drawing from North Philadelphia, Nicetown, Tioga, Logan, Germantown and other points. In addition to the extensive commuter network, service was provided by the Reading Railroad on a regular basis to New York via the Jersey Central and to Bethlehem and beyond on the Lehigh Valley Railroad to Upstate New York and Toronto. Beginning in the 1890s, Baltimore and Ohio Railroad passenger trains between Washington and New York City, including its famed Royal Blue, also stopped at Wayne Junction, using Reading and Jersey Central rails north of Philadelphia. The station was useful for transfers between Reading trains and B&O trains. This was more advantageous than changing between the Reading Terminal and the B&O's 24th & Chestnut Station as those Philadelphia stations were several blocks apart.
Until the B&O discontinued passenger service on the line in April, 1958, it provided regular service to Washington with through sleepers to the West, including Chicago, St. Louis, and Los Angeles on such trains as the Capitol Limited and National Limited. Reading Railroad long distance trains included the Interstate Express and the Scranton Flyer. The station provided a baggage room and lunch room, as well as the usual telegraph office. On October 25, 1959, Wayne Junction was the starting point for the first of the Reading's Iron Horse Rambles excursions featuring their T-1 class steam locomotives. The surrounding neighborhood was a busy shopping area and provided additional services.
The station has been a contributing property in the Colonial Germantown Historic District since 1966, and the Wayne Junction Historic District since 2012. Read more at https://en.wikipedia.org/wiki/Wayne_Junction_station
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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