Baltimore & Ohio Railroad 1940-50's Truman Era 2 Piece Stock Set Ef+ Condition
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Baltimore & Ohio Railroad 1940-50's Truman Era 2 Piece Stock Set Ef+ Condition:
Baltimore & Ohio Railroad Company
2 Piece Stock Certificate Set 1940/50's
Historic B&O Railroad Post-War Stock Set
In this lot you get a set of two cancelled stock certificates issued by the venerable Baltimore and Ohio Railroad from the days of Harry S. Truman and/or Dwight D. Eisenhower. You'll get one certificate in green for less than 100 shares and one certificate in blue for exactly 10 shares of common stock, both with a stated par value of $100 each. They were issued in the late 1940's into the early 1950's, the sunset yearsof the B&O.
Bright, clean and sound throughout, these pieces have been hand selected from among hundreds of specimens for their display quality. They measures a full 11½ by 7¼ inches, and are printed on parchment type bond.
The vignette depicts the first American steam engine the Tom Thumb, which was developed by the B&O; an example -
This lot was hand selected for its display quality from among literally hundreds of B&Ocertificates and is nothing like some of the dreck that you'll findon . Names and dateswill vary - but the Quality, will not! --- Please see my Other Items for more, and be sure to add me to your favorites list!The Baltimore & Ohio Railroad - A Thumbnail Sketch
The Baltimore & Ohio Railroad Company was incorporated in 1827 and existed more or less independently and successfully, for the better part of the next 150 years. Shortly after World War Two, the B&O - along with most of the other Eastern roads - was facing financial ruin in the face of growing competition and falling revenues.
The great railroad era in the East was in its death throes. A number of factors, some growing out of wartime experiences, some the consequences of decisions made decades before, had come together in the immediate postwar period to have a devastating impact on the railroads collective sustainability. The alternatives faced by managements were either consolidations and mergers, or slow liquidation on the way to oblivion.
In 1959 the C&O and the New York Central railroads waged a battle for the control of the B&O, which was won by the C&O. In defeat, the NYC would go on to merge with the Pennsylvania RR in 1968 to form the ill fated Penn Central. Ironically, prior to the First World War, the B&O was briefly owned by the PRR. Also at that time, the C&O was jointly held by both the PRR and NYC, but was desired by neither.
With the consent of the ICC, the B&O/C&O merger became official in 1963. Formal merger of the lines and operations would not happen until 1987, when the B&O was finally and fully absorbed by the C&O presaging the birth of the modern CSX Transportation Company shortly thereafter.
As per rules: These obsolete stocks, bonds and financial instruments, are sold as collectibles only. Unless otherwise stated, each item has been punch and/or stamp cancelled. Again, unless otherwise stated, all items will grade at FINE or better. Illustrations provided for reference only; except where noted, actual items may vary.BILLING, PAYMENTS & SHIPPING
PLEASE NOTE: This is a SELF SERVE sale. If you're a successful buyer, the only e-mail you will receive regarding this lot will be generated through the system. Applicable shipping discounts for multiple purchases, etc. can be totaled through the Check-out service which is HIGHLY RECOMMENDED for you to use. Payment is expected within TEN (10) days, including weekends. If payment is not received within that time, the item will be re-listed, and appropriate response will be left. POSITIVE response will be left for you within one week of the successful conclusion of this sale.
DOMESTIC U.S. SHIPPING: This item ships safely packaged in FLAT condition via USPS First Class Mail for FREE.
INTERNATIONAL SHIPPING: This item ships safely packaged in FLAT condition via USPS International Mail. Rates are calculated by the system. YES! Will combine multiple lots - except where noted.
offer WITH CONFIDENCE!
DOING THE THING SINCE 1997
. On Sep-02-13 at 20:01:12 PDT, seller added the following information: Froo | Froo Cross Sell, Free Cross Sell, Cross promote, Marketing, listing Apps, Apps, Application