Ogden Mine Rail Road Co. - 1911 dated New Jersey Railway Stock Certificate
Inv# RS5393 Stock
Stock. Rare! Flaw in border. The Ogden Mine Railroad was a mine railroad in the U.S. state of New Jersey from 1866 until 1941. It was built in 1866 to transport iron ore from the mines on Sparta Mountain in New Jersey. Ore was carried to Nolan's Point on Lake Hopatcong, where it was loaded on barges and towed to the Morris Canal. Due to its dependence on water transport, the railroad only operated during the ice-free seasons.
The railroad also served the Dodge, Ford, Schofield, Weldon, and Hurd iron mines, located along the route from Sparta Mountain to Lake Hopatcong. For a few years, zinc ore from the Sterling Hill Mine in Ogdensburg was packed up a terraced road to the Ogden Mine, where it was transported by rail to the lake. In 1872, the New Jersey Midland (which became the New York, Susquehanna, and Western) extended its line to Ogdensburg and the zinc traffic on the Ogden Mine RR ceased. Read more at https://en.wikipedia.org/wiki/Ogden_Mine_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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