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Pacific Railroad Photographic
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Baltimore and Ohio Railroad Trust
Stock Certificate, 1899
This 1899 Preferred Trust Stock certificate of the Baltimore
& Ohio Railroad represents 4,405.9 shares of preferred stock in
the company to be held in trust until March, 1904. At a book value
of $100 a share, this certificate represents an investment of over $440,000
which would be the equivalent of several millions of Dollars today.
Chartered of February 28, 1827, the B&O was the first commercial passenger
and freight railway in the United States.
Courtesy Bruce C. Cooper Collection.
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