Hoboken Ferry Co. - Orange Issued to Lehman Brothers - 1897 dated Shipping Stock Certificate
Inv# SS1004C Stock
Orange Shipping Stock printed by Homer Lee Bank Note Co., New York. Steam ferry vignette with winged lion figures (griffins) on each side. Very attractive Victorian title & borders. Rare!!! Exceptional!!!
The Hoboken Ferry Company was a subsidiary of the Delaware, Lackawanna and Western Railroad (DL&W). The company had a fleet of six ferryboats when it ceased operations in 1967. These vessels took their names from principal stations on the DL&W RR's main line from Hoboken, NJ to Buffalo, NY. Three of these - the Elmira, Scranton, and Pocono (née Scandinavia) - the Binghamton's sisters, were also built in 1905. (Another, the Ithaca, was destroyed by fire in 1946.) Of these, the Binghamton is now the only survivor. Please specify color. The Binghamton's engine, a 4 cylinder, double compound, marine steam engine, is of an axially symmetric design, like the double ended ferryboat Binghamton. Double compound engines were superseded by more efficient Triple expansion steam engines. Operated from Barclay Street to Hoboken Terminal from 1821 to 1967. Read more at https://en.wikipedia.org/wiki/List_of_ferries_across_the_Hudson_River_to_New_York_City
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