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Pittsburgh, McKeesport and Youghiogheny Railroad Stock (84279)

Currency:USD Category:Collectibles / Railroadiana, Trains Start Price:125.00 USD Estimated At:250.00 - 500.00 USD
Pittsburgh, McKeesport and Youghiogheny Railroad Stock   (84279)
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I/C #389 Chauncey C Depew 500 shares 1889. Signed by Chauncey Depew on rear. "Chauncey Mitchell Depew was an attorney for Cornelius Vanderbilt's railroad interests, president of the New York Central Railroad System, and a United States Senator from New York from 1899 to 1911." "In 1881, the P&LE became linked with the notorious South Pennsylvania Railroad (South Penn). This would lead to William Henry Vanderbilt to control of the P&LE as a link in the South Penn and the building of the Pittsburgh, McKeesport and Youghiogheny Railroad. The South Pennsylvania Railroad was planned to connect to the PM&Y.[2] Vanderbilt did this by buying Henry W. Oliver's and the Harmony Society's stock in the P&LE. Then Vanderbilt, aided by Andrew Carnegie, advanced the PM&Y all of the funds to build to Connellsville, Pennsylvania and then lease it to the P&LE for 99 years." from wikipedia. Left toning. Prag Collection

Date: 1889
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