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    1940 Morris And Essex 
    Railroad Company   |  
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                Stock Code MER1940 |  | Certificate, dated 12th January 1940, for 
    10 shares of capital stock of  fifty dollars each  in this railroad company, which was incorporated in 1882. 
    Issued to Julius Miller, with the 
    original handwritten signatures of both the vice president and treasurer of the company. Ornate 
    black border. Nice vignette of early locomotive. Certificate size is 21 cm 
    high x 25 cm wide (8.5" x 10.5"). 
    About This Company |  
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                Framed Certificate Price : £80.00 
                Certificate Only Price : £35.00 |  
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    |  |  |  |  |  |  In 1835 the New 
    Jersey legislature, spurred on by the promises of the recently chartered 
    Camden and Amboy Railroad to the south and the northern New Jersey Railroad, 
    granted a charter to the Morris and Essex Railroad. The road was to link 
    Morristown with "one or more suitable places on the railroad known as the 
    New Jersey Railroad and Transportation Company, at Newark or Elizabethtown". 
    The proposed railroad was controversial 
    from its beginnings. Stagecoach and freight wagon owners were quick to 
    complain that this new road wasn't needed. After all, the Morris Pike was 
    busier than it had ever been with regular stagecoach services from the east 
    to Morristown and, in summer, to the popular resort at Schooley's Mountain 
    in Long Valley. These coaches were challenged by heavy freight wagons 
    delivering goods to and from the coast. 
    With the charter, however, the complaints 
    subsided as investors set about the task of building a railroad. Early on 
    the nine elected directors dropped plans to link their Morris and Essex line 
    with Elizabethtown. The traffic potential to Newark was much better and 
    wealthy patrons from Newark's North End had bought over $100,000 of M&E 
    stock and were offering a free right of way to the Roseville section of 
    town.  The Directors couldn't resist even though that right-of-way had 
    a steep grade of 140 feet to the mile. From this starting point in Newark 
    the earliest plan was for the railroad to run along the Morris turnpike into 
    Chatham, Madison and then on to Morristown. However stockholder Jonathan 
    Bonnell presented the Directors with an offer of free land for the 
    right-of-way at The Summit of The Short Hills, and also promised to build a 
    station. On November 19th 1836 
    the M&E line was officially opened between Newark and Orange. The service to 
    this point was still by horse-drawn car. |