R175 $5 Documentary Revenue Stamp, The Atlantic Coast Line Co. SON cancel

The Atlantic Coast Line Co. Organized May 29 1889 in Connecticut and owned June 30, 1926 $19,930,827 common stock and a large amount of bonds of Atlantic Coast Line RR.; also stocks and bonds of other companies.

The Atlantic Coast Line Railroad (reporting mark ACL) was a United States Class I railroad formed in 1900, though predecessor railroads had used the ACL brand since 1871. In 1967, it merged with long-time rival Seaboard Air Line Railroad to form the Seaboard Coast Line Railroad. Much of the original ACL network has been part of CSX Transportation since 1986. The Atlantic Coast Line served the Southeast, with a concentration of lines in Florida. Numerous named passenger trains were operated by the railroad for Florida-bound tourists, with the Atlantic Coast Line contributing significantly to Florida’s economic development in the first half of the 20th century. At the end of 1925, ACL operated 4,924 miles of road, not including its flock of subsidiaries; after some merging, mileage at the end of 1960 was 5,570 not including A&WP, CN&L, East Carolina, Georgia, Rockingham, and V&CS. In 1960, ACL reported 10,623 million net ton-miles of revenue freight and 490 million passenger-miles.

Issues of 1898
In the continuation of providing funding for the Spanish–American War Congress authorized a tax on a wide range of goods and services including various alcohol and tobacco products, tea and other amusements and also on various legal and business transactions (such as Stock certificates, bills of lading, manifests, and marine insurance). To pay these tax duties revenue tax stamps were purchased and affixed to the taxable item or respective certificate. There are seventeen stamps in this issue which occur in denominations ranging from ½-cent to 50-dollars which were printed on double lined watermarked paper. Two types of perforations were used: Rouletted perforations and ‘hyphen’ shaped perforations. Numerous double transfers occur (doubled image) in this issue. Issues occur with denominations from 1-dollar to 50-dollars depicting a standing allegorical figure of Commerce. Design is modification of one used in Newspapers periodicals of 1875 and 1895. A second printing was issued in 1900 with a large numeral 1 overprint, occurring in two types – solid numeral and ornate numeral.