Hoboken Ferry Company signed by E.J. Graetz - 1896 dated Autograph Stock Certificate
Inv# AG1585 Stock
Stock printed by Homer Lee Bank Note Co., New York. Issued to and signed on back by E. J. Graetz.
The Hoboken Ferry Company was a subsidiary of the Delaware, Lackawanna and Western Railroad (DL&W). The company had a fleet of six ferryboats when it ceased operations in 1967. These vessels took their names from principal stations on the DL&W RR's main line from Hoboken, NJ to Buffalo, NY. Three of these - the Elmira, Scranton, and Pocono (née Scandinavia) - the Binghamton's sisters, were also built in 1905. (Another, the Ithaca, was destroyed by fire in 1946.) Of these, the Binghamton is now the only survivor. Please specify color. The Binghamton's engine, a 4 cylinder, double compound, marine steam engine, is of an axially symmetric design, like the double ended ferryboat Binghamton. Double compound engines were superseded by more efficient Triple expansion steam engines.
The Binghamton was a ferryboat that transported passengers across the Hudson River between Manhattan and Hoboken from 1905 to 1967. Moored in 1971 at Edgewater, Bergen County, New Jersey, United States, the ship was operated as a floating restaurant from 1975 to 2007. In 2017, following ten years of damage that effectively rendered the boat unrestorable, the ferry was dismantled. No structural components were salvaged.
Binghamton was built for the Delaware, Lackawanna & Western Railroad's Hoboken Ferry Company to carry 986 passengers and their vehicles. Added to the National Register of Historic Places on July 9, 1982, the Binghamton was possibly the last surviving steam ferry built to serve New York Harbor, where commercial steam navigation and double-ended steam ferries got their start, and which was profoundly shaped by vessels of this kind. Read more at https://en.wikipedia.org/wiki/Binghamton_(ferryboat)
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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