Hackensack and Lodi Railroad - 1910's circa Unissued New Jersey Railway Stock Certificate
Inv# RS2856 StockUnissued Stock. Printed by W. D. Barkley. A Popular State! The Lodi Branch Railroad Co, constructed and controlled by the New Jersey and New York Railroad and then leased by the New York, Susquehanna and Western Railway and then the Erie Railroad, was a short east–west branch line, around 2 miles long, from the Williams Ave Depot in Hasbrouck Heights, New Jersey westward to the Lodi station at Main Street in Lodi, New Jersey, United States.
On paper, the Lodi Branch was a separate entity from the NJ&NY, which made it simple for the NYS&W to lease the entire line in 1883, but it was still necessary to exchange cars with the NJ&NY to bring them to the NYS&W main line in Hackensack where there was a junction. In 1896, the NYS&W built a junction and a shorter northwards branch to its main line, called the Hackensack and Lodi Railroad. This was preferable for several reasons: better access to Hackensack, New Jersey, and smoother freight operations on both lines. The rest of the line to the NJ&NY was then abandoned. Read more at https://en.wikipedia.org/wiki/Lodi_Branch_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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