New York and New Jersey Ferry Co. - Brown Issued to Lehman Brothers - 1896 dated Shipping Stock Certificate
Inv# SS1007A Stock
New York
New York and New Jersey Ferry Company Shipping Stock issued to Lehman Brothers. Vignette in upper right corner of steam ferry, sailboat and other ships.
NY Waterway, or New York Waterway, is a private transportation company running ferry and bus service in the Port of New York and New Jersey and in the Hudson Valley. The company utilizes public-private partnership with agencies such as the Port Authority of New York and New Jersey, New Jersey Transit, New York City Department of Transportation, and Metropolitan Transportation Authority to provide service and maintain docking facilities.
NY Waterway uses ferry slips at three terminals in Manhattan and terminals and slips in Jersey City, Hoboken, Weehawken, and Edgewater, all located along the Hudson River Waterfront Walkway. Commuter peak service is also provided on the Haverstraw–Ossining Ferry, Newburgh–Beacon Ferry, and to the Raritan Bayshore. NY Waterway offers excursion and sightseeing trips to Yankee Stadium, Gateway National Recreation Area, and Governors Island. Read more at https://en.wikipedia.org/wiki/NY_Waterway
The Manhattan to Jersey City route is used as one of the alternatives to the George Washington Bridge for connecting the New York City and New Jersey segments of the East Coast Greenway hiking and biking trail.
Lehman Brothers Inc. (/ˈliːmən/ LEE-mən) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.
On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehman's involvement in the subprime mortgage crisis and its exposure to less liquid assets. Lehman's bankruptcy filing was the largest in US history, and is thought to have played a major role in the unfolding of the financial crisis of 2007–2008. The market collapse also gave support to the "too big to fail" doctrine.
After Lehman Brothers filed for bankruptcy, global markets immediately plummeted. The following day, major British bank Barclays announced its agreement to purchase, subject to regulatory approval, a significant and controlling interest in Lehman's North American investment-banking and trading divisions, along with its New York headquarters building. On September 20, 2008, a revised version of that agreement was approved by U.S. Bankruptcy Court Judge James M. Peck. The next week, Nomura Holdings announced that it would acquire Lehman Brothers' franchise in the Asia-Pacific region, including Japan, Hong Kong and Australia, as well as Lehman Brothers' investment banking and equities businesses in Europe and the Middle East. The deal became effective on October 13, 2008. Read more at https://en.wikipedia.org/wiki/Lehman_Brothers
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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