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Chesapeake and Delaware Canal Co. - 1911-12 dated Stock Certificate (Uncanceled) - Very Nice Condition

Inv# CN1000   Stock
Chesapeake and Delaware Canal Co. - 1911-12 dated Stock Certificate (Uncanceled) - Very Nice Condition
State(s): Delaware
Years: 1911-12

1911-12, Maryland and Delaware, Stock. Uncanceled. On yellow paper. Unique vignette of canal and bridges. Beautiful stock in excellent condition. Scarce so nice! The Chesapeake & Delaware Canal (C&D Canal) is a 14-mile (22.5 km)-long, 450-foot (137.2 m)-wide and 35-foot (10.7 m)-deep ship canal that connects the Delaware River with the Chesapeake Bay in the states of Delaware and Maryland in the United States.

In the mid?17th century, mapmaker Augustine Herman observed that these great bodies of water were separated only by a narrow strip of land. In 1764, a survey of possible water routes across the Delmarva Peninsula was made, but little action followed. The idea was raised again in 1788 by regional business leaders, including noted Philadelphians Benjamin Franklin and Benjamin Rush. Despite the beginnings of a commercial venture in 1802—coincident with Canal Mania in England and Wales—it wasn't until 1829 before the C&D Canal Company could, at last, announce the waterway "open for business". Its construction cost of $3.5 million made it one of the most expensive canal projects of its time.

In the present era, the C&D Canal is owned and operated by the U.S. Army Corps of Engineers, Philadelphia District. The project office in Chesapeake City, Maryland, is also the site of the C&D Canal Museum and Bethel Bridge Lighthouse. The canal saves approximately 300 miles on the route between Wilmington and Philadelphia on the Delaware River, and the major Chesapeake Bay ports such as Baltimore, Richmond, and the Hampton Roads, avoiding a course around the Delmarva Peninsula. Read more at

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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: $90.00