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1916 Mexico Tramways Company |
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Stock Code MTC01 |
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Deposit receipt certificate dated
24th February 1916 for a $500 5% gold bond. Blue certificate with black
border. Certificate size is 20.5 cm
high x 30.5 cm wide (8" x 12"). It will be mounted in a mahogany frame,
with gold inlay, size 31 cm high x 39 cm wide.
The certificate is shown unframed as all
items are mounted to order.
About This Company |
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Framed Price : £60.00
Unframed Price : £20.00 |
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UNFRAMED :
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About This Company
On 14 April 1896 the
Compañía de Ferrocarriles del Distrito Federal, the principal tramway
operator in Mexico City, received permission from the Mexican Government to
electrify its lines. A group of Canadian and European investors formed
Mexico Electric Tramways Co. in London on 13 April 1898, purchased the CFDF
and its franchise the following August, and began a massive construction
project. MET - known locally as Tranvías Eléctricos de México - to
electrify and operate the lines.
CFDF ordered 60 electric
streetcars from J. G. Brill Co. in Philadelphia: 36 vehicles on 26 June 1898
and 24 more on 12 October 1899. The second batch included two 8-wheel double
deckers and 13 motorized funeral trams. On 15 January 1900 a flotilla of
electric trams inaugurated the city's first trolley line, from the
Indianilla tram sheds to Tacubaya - approximately the same route as the
city's first horsecar line 42 years before. The ministers of Mexico, Japan
and Russia, Capt. Porfirio Díaz, the son of Mexico's president, and Canadian
engineer A. E. Worswick rode the first car.
During the next ten
months MET opened six more electric tram lines. New trolleycars began
carrying passengers to Villa de Gaudalupe in February, to Peralvillo in
April, Mixcoac in May, San Angel in June, Tialpan in October and Dolores
cemetery in November. By the end of 1900, MET had 97 km of electric tram
routes.
By 1906 MET operated 178
passenger motor cars, 28 funeral motor cars, 44 passenger trail cars, 72
freight motors and 79 freight trailers on its electric lines. On the lines
that had not yet been electrified, it had 7 steam locomotives, 139 passenger
cars, 51 funeral cars, 205 freight cars, a hospital car and a tram for
transporting prisoners. In march 1906 a group of Canadian investors
organized Mexico Tramways Company in Toronto. MTC acquired 75% of MET's
stock, took control of its tramway system and developed Necaxa dam and power
plant in Puebla state.
Following the revolution
in 1911, tramway workers went on strike, the new Government seized control
of the cars and MTC stock paid no dividends for the next 30 years. Tramway
operations resumed in 1915 but MTC control did not return until the end of
the decade.
Source: www.tramz.com
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