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Morris Canal & Banking Company Stock Certificate

Currency:USD Category:Collectibles Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Morris Canal & Banking Company Stock Certificate
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Preferred Stock under Act of February 9th, 1849. No.3953, issued for 10 shares to Chandler Darlington on November 8th, 1867. Signed by president W.H. Talcott and secretary John Rodgers. Pen cancelled. Four vignettes, mostly allegorical. Printed by Latimer Bros. & Seymour. 5.5 x 9.5" Folds, some staining. The Morris Canal & Banking Co. operated the Morris Canal, used for transportation of anthracite coal from Pennsylvania's Lehigh Valley to northern New Jersey's growing iron industry and other developing industries in New Jersey and the New York City area. The canal also carried iron ore to iron furnaces in western New Jersey and eastern Pennsylvania until the development of Great Lakes iron ore caused them to decline. It remained in heavy use throughout the 1860s. In 1871, it was leased to the Lehigh Valley Railroad and taken over by the state of New Jersey late in 1922. Date: 1867 City: Jersey City State: New Jersey HWAC# 77329