Pullman Transport Leasing $10,000 bond certificate 1970 (Illinois) 

Nice railcar history. Stock-sized bond for $10,000. Vignette of a classical male figure seated with globe, winged wheel, and books. Issued and cancelled. Dated 1970 due 1985. Measures approximately 12 x 8 inches. 

Pullman Transport Leasing Co. was incorporated in Delaware on August 13^th, 1959 as a wholly-owned subsidiary of Pullman Inc.

Pullman Transport Leasing Company (PTLX) refers to a specific entity that owned and leased railroad freight cars, primarily covered hoppers for grain transport, popular in model railroading. It is distinct from the historic Pullman Company (famous for sleeper cars) or the modern-day Pullman Services (focused on industrial infrastructure repair), though both share the iconic name, with PTLX cars representing a segment of freight logistics from the 1970s onward.

The Pullman Company, founded by George Pullman, was a manufacturer of railroad cars in the mid-to-late 19th century through the first half of the 20th century, during the boom of railroads in the United States. Through rapid late-19th century development of mass production and takeover of rivals, the company developed a virtual monopoly on production and ownership of sleeping cars.

Pullman established his company in 1862 and built luxury sleeping cars which featured carpeting, draperies, upholstered chairs, libraries, card tables, and a high level of customer service. Patented paper car wheels provided a quieter and smoother ride than conventional cast iron wheels from 1867 to 1915. After George Pullman's death in 1897, Robert Todd Lincoln, son of Abraham Lincoln, became the company's president.

Pullman developed the sleeping car, which carried his name into the 1980s. Pullman did not just manufacture the cars, it also operated them on most of the railroads in the United States, paying railroad companies to couple the cars to trains. In return, by the mid-20th century, these railroads would own Pullman outright.

The company also built thousands of streetcars and trolley buses for use in cities. Post-WWII changes in automobile and airplane transport led to a steep decline in the company's fortunes. It collapsed in 1968, with a successor company continuing operations until 1981.

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