Camden, Gloucester and Mt. Ephraim Railway - Railroad Stock Certificate
Inv# RS4354 Stock
Stock.
Camden, Gloucester & Mt. Ephraim Railway was incorporated on 17 June 1873 by a group from Gloucester City, which wanted a rail line to link the busy passenger ferry landing at Kaighn's Point in Camden to the Gloucester City industrial area 3.9 miles (6.3 km) away, then from that point another 1.3 miles (2.1 km) to Mount Ephraim Borough.
A 3 ft (914 mm) narrow gauge was required, as much of the right of way used existing city streets with sharp curves. Work began in January 1874 and the line from Kaighn's Point to Gloucester City opened on 14 February 1874. The line to Mount Ephraim Borough opened in May 1876. In the middle of November 1884, the Philadelphia and Reading Railway acquired the Camden, Gloucester & Mt Ephraim Railway. The Philadelphia and Reading Railway converted the track to 4 ft 8+1⁄2 in (1,435 mm) standard gauge 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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