1000 (1 THOUSAND) ERIE-LACKAWANNA RR STOCKS! CV $20,000 Start Price USD 389.95 Current Price USD 389.95 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Saturday, November 29, 2008 End Time Saturday, December 06, 2008 Location New York, New York See more about '1000 (1 THOUSAND) ERIE-LACKAWANNA RR STOCKS! CV $20,000' Description THIS LISTING IS FOR 1000 OF THESE FABULOUS RAILROAD STOCKS THAT WE SELL INDIVDUALLY HERE IN NYC FOR $20 EACH. COLLECTOR VALUE = $20,000!!! THIS IS A ONE-TIME DEAL AS WE ARE JUST TRYING TO MAKE SOME SHELF SPACE. THIS REPRESENTS THE LAST OF OUR BULK HOLDINGS. IF YOU WANT TO MAKE A LOT OF MONEY, BID NOW!! THE ERIE-LACKAWANNA ROLLS AGAIN!        This classic art deco stock certificate has become very scarce recently. We have seen it listed on ebay at fixed prices up to $25.00, and at auction starting prices up to $9.99. That's why our remarkable price of less than $.39 should be acted upon IMMEDIATELY.        This is a LIMITED TIME PROMOTIONAL OFFER to make some room on our overcrowded shelves and to familiarize you with the many scripophily bargains at Collect-a-thon, home of over 10,000 different stock and bond titles (1,000 of which are available at wholesale - contact us for list!). The starting price is 20% below our cost price of 20 years ago!!!         These stocks represent the finest in steel engraving by the American Bank Note Co. The designs and text are etched right into the paper, not simply printed on top of it.  We guarantee that you will never find this stock for less money than our starting price!! LAST CHANCE TO BUY A FINE RAILROAD STOCK THIS CHEAP ANYWHERE IN THE WORLD!!        The Erie-Lackawanna Railroad is one of the most famous railroads in America and an integral part of the history of the Northeast. This stunning art deco stock certificate is a living page of that history.        Exquisitely engraved by the American Bank Note Co. (prestigious printer of U.S. Currency) using original 1940 Erie Railroad plates, the stock measures approx. 8" x 12", a perfect size for framing. It has a large, impressive vignette (steel-etched engraved illustration) showing Mercury and a female bearing a torch on either side of the company's wreathed logo, which is repeated on the corporate seal.      It also features a lavishly ornate border and counters (share/serial no. displays), a bold embossed title, and the engraved embossed imprints of the First National City Bank (now CITIBANK!) and MORGAN GUARANTY TRUST, the historic financial institution founded by J.P. Morgan.      Color may be red and/or brown. All certs are clean and crisp although some may have rubber stamp cancellations outside the vignette. Issue dates will be 1960-circa 1965.        Thanks for riding the rails with Collect-a-thon! Browse our store for many more selections from our archive of over 1,000,000 collectibles, any of which may be combined to minimize shipping costs. We are presently offering an amazing collection of 25 different railroad stocks including numerous rarities for the unbeatable price of $49.95!! The Erie-Lackawanna Railroad was formed by the merger of the Erie Railroad with the Delaware, Lackawanna & Western on October 17, 1960. (A minor renaming occurred in late 1963 when the hyphen was dropped.) The new railroad took after its parent Erie; the largest amount of Lackawanna influence seemed to be paint. Both of EL's parents entered the merger after a couple of years of deficit operations, and EL continued their record, except for 1965 and 1966. EL quickly consolidated its passenger services, with most trains following the ex-Lackawanna route east of Binghamton and the ex-Erie route west. Long-distance passenger trains were gradually cut back during the 1960s, and the last Hoboken-Chicago train was discontinued in 1970, leaving EL with a single daily commuter round trip between Cleveland and Youngstown and its extensive New Jersey commuter services. In 1967 the state of New Jersey began subsidizing the service and in 1970 began to acquire new cars and locomotives for the trains on the ex-Erie routes and the non-electrified Lackawanna lines (the Lackawanna electric cars would continue running until 1984). The Cleveland-Youngstown train lasted until 1977. In 1960 Chesapeake & Ohio began acquiring Baltimore & Ohio stock, and in November 1961 New York Central and Pennsylvania announced their intention to merge. In 1964 Norfolk & Western teamed up with Nickel Plate, Wabash, Pittsburgh & West Virginia, and Akron, Canton & Youngstown. Erie Lackawanna was suddenly surrounded, or thought it would be when all the mergers were approved, and asked to be included in the Norfolk & Western system. In 1965 Norfolk & Western and Chesapeake & Ohio announced their merger plan, which would include EL and several other smaller eastern railroads, to be held by a wholly owned subsidiary holding company named Dereco. The N&W-C&O merger didn't take place, but on March 1, 1968, Dereco and the Erie Lackawanna Railway were both incorporated. Dereco exchanged its shares for Erie Lackawanna Railway's 1,000 shares. On April 1, 1968, the Erie Lackawanna Railway merged with the Erie Lackawanna Railroad. Stockholders of the Erie Lackawanna Railroad received Dereco shares. To put it in simpler language, Norfolk & Western bought the Erie Lackawanna at arm's length. Hurricane Agnes hit the East on June 22, 1972. After estimating that damage to the railroad, principally between Binghamton and Salamanca, N. Y., amounted to $9.2 million, EL filed for bankruptcy on June 26, 1972. During the reorganization of the eastern railroads, it was thought that EL might be able to reorganize on its own, and there was a proposal by Chessie System to buy a portion of the EL. However, Chessie canceled the agreement and EL asked to be included in Conrail. Consolidated Rail Corporation took over EL's operations on April 1, 1976. Conrail's map excluded most of the former Erie main line west of Marion, Ohio. The Erie Western was formed to operate the 152 miles from Decatur to Hammond, Indiana, with subsidy from the state of Indiana. The road operated for a brief period in 1978 and 1979, but the subsidy was withdrawn and on-line traffic wasn't sufficient to support the operation. Other shortline operators have taken over various parts of EL with more success; they are listed in the entries for the Erie and the Lackawanna. As an odd valedictory for EL, parent Norfolk & Western donated its 1,000 shares of Erie Lackawanna stock and the corporate records to the University of Virginia in 1983. Place a Bid!