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Morris Canal & Banking Company Stock [130611]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:80.00 USD Estimated At:160.00 - 400.00 USD
Morris Canal & Banking Company Stock  [130611]
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# 782 for 20 shares signed by president E. Marsh and secretary. Issued to Joseph Bispham in 1859. Unusual round stamp cancel Ò Oct. 4, 1860. Allegorical vignettes with one funicular type road! Seeking to improve transportation between the coal mines of Pennsylvania, the iron forges of Morris County, and the great marketplace of New York City, the state legislature chartered the "Morris Canal and Banking Company" in 1824 to build an artificial waterway between the Hudson and Delaware rivers. When completed in 1837, the canal measured 109 miles in length and over 1,000 feet in elevation, and contained 23 inclined planes and 34 locks. State:Pennsylvania City: Date:1844 Provenance: