Hoboken Ferry Company Issued to J. Pierpont Morgan - 1890's dated Ferry Stock Certificate - New York and New Jersey
Inv# AG1745 Stock
Stock issued to but not signed by J.P. Morgan. Printed by Homer Lee Bank Note Co., New York. Portrait and biography included. Available in Green, Orange or Brown. Please specify color.
John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving personal force behind the wave of industrial consolidations in the United States at the turn of the twentieth century. Read more at https://en.wikipedia.org/wiki/J._P._Morgan
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 Double compound engines were superseded by more efficient Triple expansion steam engines.
The Binghamton was a ferryboat that transported passengers across the Hudson River between Manhattan and Hoboken from 1905 to 1967. Moored in 1971 at Edgewater, Bergen County, New Jersey, United States, the ship was operated as a floating restaurant from 1975 to 2007. In 2017, following ten years of damage that effectively rendered the boat unrestorable, the ferry was dismantled. No structural components were salvaged. Read more at https://en.wikipedia.org/wiki/Binghamton_(ferryboat)
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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