Historic 1964 common stock certificate from Erie-Lackawanna Railroad Company, formed October 17, 1960 through merger of Erie Railroad and Delaware, Lackawanna & Western Railroad. Erie Railroad chartered April 24, 1832 as New York & Erie Rail Road to connect Hudson River at Piermont to Lake Erie at Dunkirk. Completed 1851 as longest railroad in world at 446 miles, built to 6-foot broad gauge. Became notorious "Scarlet Woman of Wall Street" during infamous 1860s Erie War between financiers Cornelius Vanderbilt, Daniel Drew, Jay Gould, and James Fisk. Went bankrupt four times (1859, 1878, 1893, 1938). Delaware, Lackawanna & Western formed 1853, specialized in Pennsylvania anthracite coal transport. Both railroads suffered declining revenues in 1950s from highway competition, declining coal traffic, and damage from Hurricane Diane 1955. Interstate Commerce Commission approved merger September 13, 1960, creating 2,900-mile system with motto "The Friendly Service Route." Initially showed promise with state-of-art diesel facility in Marion, Ohio and lucrative UPS contract 1970. Renamed Erie Lackawanna Railway March 1, 1968 when purchased by Norfolk & Western's subsidiary Dereco. Hurricane Agnes June 1972 devastated infrastructure, destroying 395 miles of track with $9.2 million damage. Declared bankruptcy June 26, 1972. Absorbed into government-formed Conrail April 1, 1976 after 16 years operation. Features ornate pink/red border, classical allegorical vignette. Certificate from mid-operation era showing 100 shares.