Stock Interest Sheet signed by William E. Dodge - 1869-1871 dated Autograph - Morris and Essex Railroadiana
Inv# AU1633 Stock
Two sided sheet of stockholders interest on stock for the Morris & Essex Railroad signed by William. E. Dodge.
William Earl Dodge Sr. (September 4, 1805 – February 9, 1883) was an American businessman, politician, and activist. He was referred to as one of the "Merchant Princes" of Wall Street in the years leading up to the American Civil War. Dodge saw slavery as an evil to be peaceably removed, but not to be interfered with where it existed. He was a Native American rights activist and served as the president of the National Temperance Society from 1865 to 1883. Dodge represented New York's 8th congressional district in the United States Congress for a portion of the 39th United States Congress in 1866–1867 and was a founding member of the YMCA of the US. Read more at https://en.wikipedia.org/wiki/William_E._Dodge
The Morris and Essex Railroad was a railroad across northern New Jersey, later part of the main line of the Delaware, Lackawanna and Western Railroad. The M&E was incorporated January 29, 1835, to build a line from Newark in Essex County west to and beyond Morristown in Morris County. The first section, from Newark west to Orange, opened on November 19, 1836. Under an agreement signed on October 21, the New Jersey Rail Road provided connecting service from Newark east to Jersey City via the Bergen Hill Cut. The original connection between the two lines was in downtown Newark; the M&E turned south on Broad Street to meet a branch of the NJRR at Market Street. Service to Paulus Hook in what is today Jersey City commenced on October 14, 1836 and passengers could transfer to the Jersey City Ferry and cross to lower Manhattan at the nearby ferry slips. Read more at https://en.wikipedia.org/wiki/Morris_and_Essex_Railroad
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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