Salem Railroad - 1864 dated New Jersey Railway Stock Certificate
Inv# RS2614 Stock
Printer-Wm. F. Murphy & Sons, Philadelphia. West Jersey Railroad consolidation information stamped on front. Civil War Era! Rare!! The Salem Railroad, which spans 17 miles (27 km) from Elmer to Salem, New Jersey, was chartered and incorporated on March 14, 1856. The construction of the railroad was finalized in 1863, and it was subsequently leased to the WJ on January 1, 1868. Ultimately, the line was completely merged into the WJ on January 1, 1888.
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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