Cape May and Millville Rail Road Co. - 1873 dated New Jersey Railway Stock Certificate
Inv# RS5028A Stock
Stock printed by P. S. Duval & Son Lit. Philad. Exceptional Vignette and 25 cents Washington revenue stamp! Some staining. Available dated 1865 with tape repair for $175.
In 1863, a consortium of investors from Cape May County received a charter from the state of New Jersey on March 9, 1863, to establish the Cape May & Millville Railroad (CM&M). The inaugural train services commenced on August 23, 1863. By 1867, the construction was finalized, resulting in a complete line that spanned 41 miles (66 km). In 1869, the railroad was leased to the West Jersey Railroad (WJ), and it was fully integrated into the WJ on August 27, 1879. The West Jersey and Seashore Railroad (WJ&S) operated as a subsidiary of the Pennsylvania Railroad in New Jersey, providing a link to Philadelphia. It was created in May 1896 through the consolidation of several smaller railroads. By the end of 1925, the WJ&S managed 379 miles (610 km) of routes across 717 miles (1,154 km) of track, reporting 166 million ton-miles of freight revenue and 332 million passenger-miles that year. In 1933, the railroad became part of the Pennsylvania-Reading Seashore Lines.
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.
Ebay ID: labarre_galleries