Newport Electric Corporation stock certificate c1931 (Rhode Island)

Nice RI street railway piece.  Incredible vignette of the company's electricity generator with waterfront and city scenes in the background. Unissued and not cancelled. Circa 1931 from text. Approximately 11 x 7 inches.

The Newport Electric Corporation was created through a series of mergers aimed at consolidating the use of electricity in Newport County, primarily as it was used for street railways. Merged into Narragansett Electric Company (NECO) in 2000.

The original name of the Newport Electric Corporation was the Newport & Fall River Street Railway Company. The company was created by merging the first two companies on the following list in 1898 and adding the final companies in 1900:

• The Fall River & Stone Bridge Electric Railway Company incorporated in 1893 to create a street railway for passengers and freight in Tiverton operated by electric or other means.
• The Middletown & Portsmouth Street Railway Company incorporated in 1893 to provide a railway for passengers and freight in Middletown and Portsmouth operated by electric or other power except steam.
• The Newport Illuminating Company was incorporated in 1895 and its purpose was to generate, sell, lease, and use electricity for all purposes needing electricity.
• The Newport Horse Railroad Company incorporated in 1885 and changed its name to the Newport Street Railway Company in 1889. Its purpose was to lay and operate a public transportation system in Newport.

When the mergers were completed in 1900 the Newport & Fall River Street Railway Company was authorized to generate and sell electricity and to operate street railways in Tiverton, Middletown, Portsmouth, and Newport. In 1902 they were authorized to extend street railway service into Little Compton. The company changed its name to the Newport Electric Corporation in 1920.

Founded in 1639 by Puritan settlers seeking religious freedom, Newport, RI, initially grew into an important colonial port city, heavily reliant on the slave trade and manufacturing. Later, the city became a hub for Gilded Age millionaires who built opulent mansions, such as The Breakers, for their summer residences. Today, Newport is known for its rich history, its surviving Gilded Age mansions, and its well-preserved colonial architecture.

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