The Delaware, Lackawanna & Western Rail Road Co

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The Delaware, Lackawanna & Western Rail Road Co - Issued to Bear Stearns

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Vintage Stock Certificate

Product Code: SC603-STEARNS

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This Delaware, Lackawanna & Western Railroad Company stock certificate was issued to Bear Stearns & Co in 1950.

The Delaware, Lackawanna and Western Railroad Company was founded in 1853 and ran from Buffalo New York Hoboken New Jersey. The railroad suffered from reduced commodities traffic in the 1940's and by 1960 was merged with the Erie Railroad forming the Erie Lackawanna railroad. This certificate features a gorgeous vignette of a steam train in the rail yard, a coal yard, as well as coal mine workers. Issued in the 1950s. Very attractive stock certificate.

Prior to its sale to JP Morgan Chase in 2008, Bear Stearns was one of the largest investment banks in the world. In 2007 Bear Stearns was badly damaged by the subprime mortgage crisis. After an emergency loan from the Federal Reserve Bank of New York failed to save the company, it was sold to JP Morgan Chase for a price well below its one time high of over $100.00 per share.

Original members of the Dow Jones Industrial Average. Added February 16, 1885.