Monmouth Park Jockey Club - 1950's-70's dated Horse Racing Stock Certificate
Inv# GS1182 StockHorse Racing Stock printed by Security-Columbian Banknote Company. Vignette of entrance to park. Titled 'Opening Day, 1870'. Horse Racing-Rare!!! Available in Brown, Orange, Green or Blue. Please specify color.
Monmouth Park Racetrack is an American race track for thoroughbred horse racing in Oceanport, New Jersey, United States. It is owned by the New Jersey Sports and Exposition Authority and is operated under a five-year lease as a partnership with Darby Development, LLC. Monmouth Park's marquee event is the Haskell Invitational, named after Amory L. Haskell. The Haskell was first run in 1968 as a handicap, but was made into an Invitational Handicap in 1981. It is now a 1⅛-mile test for three-year-olds run in late July. Monmouth Park also now showcases the Jersey Derby originally run at Garden State Park until its closure in 2001. The racetrack's season spans from early May to Labor Day in early September. Three different buildings have been called Monmouth Park throughout the years. The original thoroughbred racing track was opened by the Monmouth Park Association on July 30, 1870 in Eatontown, New Jersey to increase summer tourism for communities along the Jersey Shore. Monmouth Park early on earned the nickname as the "Newmarket of America" due to the excellence of its racing. However, after three years of being open financial issues caused the track to close.
In 1878, the track was bought by David D. Withers, George L. Lorillard, James Gordon Bennett, Jr., and George P. Wetmore. The men spent four years renovating the grounds and grandstand and reopened Monmouth Park in 1882. From 1882 to 1890, the track increased in popularity and as a result, a new racetrack was constructed next to the original. The new racetrack opened in 1890 becoming the second Monmouth Park. However, legislation proposed in 1891 and enacted in 1894 barred parimutuel betting in New Jersey, and the track closed its doors. In May 1894, the Township Committee at Eatontown, New Jersey ordered the seizure and sale of the Monmouth Park Association's grandstand and other property for the payment of back taxes and on May 7 was sold at a public auction. Read more at https://en.wikipedia.org/wiki/Monmouth_Park_Racetrack
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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