Camden, Gloucester and Mt. Ephraim Railway - 1881 dated Railroad Stock Certificate
Inv# RS4353 Stock
PMG graded Stock. The Camden, Gloucester & Mt. Ephraim Railway was established on June 17, 1873, by a consortium from Gloucester City, aiming to create a rail connection between the bustling passenger ferry terminal at Kaighn's Point in Camden and the industrial sector of Gloucester City, located 3.9 miles (6.3 km) away. From there, the line extended an additional 1.3 miles (2.1 km) to Mount Ephraim Borough. Due to the necessity of navigating existing city streets with sharp turns, a narrow gauge of 3 ft (914 mm) was adopted. Construction commenced in January 1874, and the segment from Kaighn's Point to Gloucester City was inaugurated on February 14, 1874. The extension to Mount Ephraim Borough was completed in May 1876. In mid-November 1884, the Philadelphia and Reading Railway took over the Camden, Gloucester & Mt. Ephraim Railway, subsequently converting the track to a standard gauge of 4 ft 8+1?2 in (1,435 mm) in 1885.
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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