Home >
Shop >
Railroad Sector
1940 Morris And Essex
Railroad Company |
|
Click on
thumbnail to enlarge
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 |
Framed Certificate Price : £80.00
Certificate Only Price : £35.00 |
|
|
|
|
Order Now - Free Worldwide Shipping!
|
|
|
|
|
|
|
|
|
|
About This
CompanyIn 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. |