WILKES-BARRE & EASTERN RAILROAD Stock 1929. Charter 1892. Luzerne Co. Coal to NY

Description

Wilkes-Barre and Eastern Railroad Company. Stock issued January 16, 1929. Incorporated in 1892 in the State of Pennsylvania.
Embossed company seal lower left. Serial
No. 129
was issued to C. P. O’Malley for three shares of capital stock ( per share). Company capital was
,000,000
. Hand signed by company
president W. P. Ryman (crossed through, with vice president George H. Minor)
and assistant secretary. Certificate is about 7” x 10.5.” Black print with orange overprint/underprint. Vignette with locomotive.
The Wilkes-Barre and Eastern Railroad was chartered in 1892 with the intent of transporting coal from the coal-rich regions around Wilkes-Barre, Pennsylvania (Luzerne County) to shipping ports in New Jersey by way of the New York, Susquehanna and Western Railroad (the owner of the Wilkes-Barre and Eastern Railroad). Claimed to be the shortest route for hauling coal to the port, it proved a slow one due to curves and grading along the line. The line ran from Kingston, in Wilkes-Barre, eastward to Stroudsburg (Monroe County) and a connection with the New York, Susquehanna and Western. In 1896, the Wilkes-Barre and Eastern opened The Susquehanna Connecting Railroad in order to tap into more coal markets around Old Forge (Lackawanna County). The Erie Railroad purchased the New York, Susquehanna and Western in 1898, and traffic began diverting to the nearby and adjacent Erie line. The relevancy of the line declined, and the tracks were abandoned in 1939.
Condition:  Very Fine+
, two light vertical folds, very minor creasing, no tears, light signs of wear/handling/toning (see photos)
,
uncancelled.
Printer:
Homer Lee Bank Note Company, New York.
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