# 2059 FDC - 1983 20c Street Cars: First American, 1832
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20¢ First American Streetcar
Street Cars
City: Kennebunkport, ME
Quantity: 51,931,250
Printed By: Bureau of Engraving and Printing
Printing Method: Photogravure and engraved
Perforations: 11
Color: Multicolored
First Streetcar In America
One man dominated the history of streetcars in America in the early days of their use. John Stephenson developed the first streetcar to run on rails. In general, he presided over the evolution of streetcars as public transportation.
It was a job order from banker John Mason that was Stephensonâs first big break. Mason wanted a passenger vehicle for a route for the New York and Harlem Railroad. Stephensonâs car was based on a modified English railway car. It ran on rails, making it a much more comfortable ride than the typically rough roads provided, and eventually earned him a sales contract. He named the car the John Mason, in honor of the man who commissioned it.
There is another neat story about Stephenson and his ethics. In 1837, an economic panic hit the country as bank-issued bonds were often used to back currency, and then became worthless when many banks failed to honor them. Stephenson had accepted a lot of payment in bonds, and lost all his property by 1842. He could only pay his creditors 50 cents on the dollar. He began again, and within a few years had repaid all his creditors in full, earning the nickname, âHonest John Stephenson.â
Â
20¢ First American Streetcar
Street Cars
City: Kennebunkport, ME
Quantity: 51,931,250
Printed By: Bureau of Engraving and Printing
Printing Method: Photogravure and engraved
Perforations: 11
Color: Multicolored
First Streetcar In America
One man dominated the history of streetcars in America in the early days of their use. John Stephenson developed the first streetcar to run on rails. In general, he presided over the evolution of streetcars as public transportation.
It was a job order from banker John Mason that was Stephensonâs first big break. Mason wanted a passenger vehicle for a route for the New York and Harlem Railroad. Stephensonâs car was based on a modified English railway car. It ran on rails, making it a much more comfortable ride than the typically rough roads provided, and eventually earned him a sales contract. He named the car the John Mason, in honor of the man who commissioned it.
There is another neat story about Stephenson and his ethics. In 1837, an economic panic hit the country as bank-issued bonds were often used to back currency, and then became worthless when many banks failed to honor them. Stephenson had accepted a lot of payment in bonds, and lost all his property by 1842. He could only pay his creditors 50 cents on the dollar. He began again, and within a few years had repaid all his creditors in full, earning the nickname, âHonest John Stephenson.â