Port Jervis, Monticello and New York Railroad Co. - 1880's dated Unissued Railway Stock Certificate - Cut Cancel with Tape As Usual
Inv# RS1173 Stock
Unissued Railroad Stock printed by New York Bank Note Co. Great vignette of train passing by men resting at tree. Cut cancel with no paper loss but tape as usual. Very nice engraved stock. Rare! Please specify color.
Port Jervis is a city situated at the junction of the Neversink and Delaware rivers in western Orange County, New York, United States, to the north of the Delaware Water Gap. According to the 2010 census, its population was 8,828. The neighboring communities include Deerpark, Huguenot, Sparrowbush, and Greenville. Across the river lies Matamoras, Pennsylvania, which is accessible via a bridge. Montague Township, New Jersey, shares a border with Port Jervis.
Historically, Port Jervis played a significant role in early industrial development, serving as a shipping point for coal to major markets in the southeast, initially by canal and subsequently by railroads. Residents enjoyed long-distance passenger rail service until 1970. However, the reorganization of the railroads led to a downturn in the city's business and economic activity.
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.
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