This is an issued & cancelled stock certificate from The Pullman Company in 1925, originally founded as the Pullman Palace Car Company in 1867 by George Pullman, was a pioneering and influential manufacturer of railroad cars in the United States during the late 19th and early 20th centuries. 

The company's origins can be traced back to Pullman's development of luxury sleeping cars in the 1860s. His first successful sleeping car, "The Pioneer," gained fame after being used to transport President Lincoln's body in 1865. Pullman revolutionized passenger rail travel with luxurious sleeping cars, dining cars, and parlor cars.

The company expanded rapidly, becoming the largest single railroad car manufacturer in the U.S. By 1890, Pullman operated over 2,100 cars on 160,000 miles of track with more than 12,000 employees. The company pioneered mass production techniques in railcar manufacturing, setting new standards for the industry.In 1880, George Pullman built a company town south of Chicago to house workers. Designed as a model community with modern amenities, it later became the center of labor unrest, leading to the famous Pullman Strike of 1894. This event marked a significant moment in American labor history and led to changes in labor relations across the country.

It leased cars to railroads and provided staff, including the famous Pullman porters, achieving a virtual monopoly on sleeping car production and operation. This model allowed Pullman to maintain control over the quality and service of its products.As the company evolved, it reorganized as The Pullman Company in 1900.

In 1924, it merged its manufacturing operations into Pullman-Standard. The company built its last standard heavyweight sleeping car in 1931, marking the end of an era in luxury rail travel. Pullman ceased railcar production entirely in 1982, but its legacy lived on.

The Pullman Company left a lasting impact on American rail travel and labor history. It set new standards for luxury in transportation and played a significant role in shaping labor relations in the late 19th and early 20th centuries. 

Today, the name Pullman remains synonymous with the golden age of rail travel in America.