Warren Railroad Co. - 1850's dated New Jersey Unissued Railway Stock Certificate - Great Rail-Road History
Inv# RS1224 Stock
Unissued Railroad Stock. Identified vignette of 'Delaware Water Gap'. This vignette is quite large and impressive. Portrait of man. Early! A great stock.
The Warren Railroad was a railroad in Warren County, New Jersey, that served as part of the Delaware, Lackawanna and Western Railroad's mainline from 1856 to 1911. The Warren Railroad was chartered on February 12, 1851, by special act of the state of New Jersey, to provide a connection from the Delaware, Lackawanna & Western Railroad's (DL&W) terminus at the Delaware River to Hampton, New Jersey, on the Central Railroad of New Jersey (CNJ), in anticipation of a merger between the two railroads. The railroad's date of organization was March 4, 1853, and construction began that June. Terrain made the Warren expensive to build, requiring a large amount of excavation, three large bridges, and two tunnels.
DL&W began operating on the railway on May 28, 1856, from Delaware, New Jersey, to Hampton, and continuing over CNJ to Jersey City. DL&W formally leased the Warren Railroad in October 1857. The tracks were originally 6 ft (1,829 mm) gauge, continuous with the DL&W's Pennsylvania tracks. A third rail was added to CNJ's 4 ft 8.5 in (1,435 mm) standard gauge track. When the railroad opened in 1856, the Van Nest Gap Tunnel was not yet completed, and a temporary track was used. The tunnel was completed in September 1862, and the temporary track removed. Read more at https://en.wikipedia.org/wiki/Warren_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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