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New Jersey Shore Line Railroad Co. - 1886 dated New Jersey Railway Stock Certificate

Inv# RS4711   Stock
State(s): New Jersey
Years: 1886

Stock printed by American Bank Note Co., N.Y. The New Jersey Shore Line Railroad was part of the New York Central Railroad and ran along the Hudson River in New Jersey, from the West Shore Railroad (NYCRR) yards at Guttenberg north to the Erie Terminals Railroad at the Hudson/Bergen County line.

The company was organized on February 25, 1886, and chartered March 2, 1886 to build a railroad from a point in Union Township to a point in Harrington, about 15.5 miles (24.9 km) away. The entire capital stock was owned by the New Jersey Junction Railroad Company, which was under lease by the New York Central and Hudson River Railroad. In 1910, .84 miles (1.35 km) of track were built from the West Shore Railroad Weehawken yards midway through Guttenberg north to the line with Bergen County. It opened for traffic on March 14, 1911, with the first cars passing over it on May 16, 1911. The rest of the route was never built. The company was absorbed into the New Jersey Junction Railroad, which had owned its stock, on October 24, 1914. Eventually the line passed under control of CSX and Norfolk Southern; it was part of their River Line before it was abandoned. Read more at https://en.wikipedia.org/wiki/New_Jersey_Shore_Line_Railroad

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $89.50