This is a vintage Chicago Transit Authority (CTA) Subway 'L' transfer ticket, featuring the destination of Clark and Lake Station. The ticket is made of paper and includes a printed date of "DEC 16". It features a time grid for punching, with options for A.M. and P.M., hours 1 through 12, and minute intervals of 0, 15, 30, and 45. The front of the ticket also displays a "PENALTY FOR FRAUDULENT USE $200. FOR EACH OFFENSE" warning. The back of the ticket details the Chicago Transit Authority's transfer regulations.

This listing includes one Chicago Transit Authority paper transfer ticket as pictured, with the serial number 864236. This collectible piece offers a glimpse into the historical public transportation system of Chicago, specifically the CTA subway and 'L' lines, making it a unique addition for railroadiana and transit memorabilia collectors.