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Auction: SW1012 - Bonds & Shares Certificates of the World
Lot: 373

Morris Canal & Banking Company. 25 Shares, $100 each, Jersey City, 9. May 1860. Nr. 1037. The Morris Canal was a 172 Kilometer long canal across northern New Jersey in the United States. In use from the late 1820s to the 1920s, it stretched from Phillipsburg on the Delaware River eastward to Jersey City on the Hudson River. The canal was considered a technical marvel for its water-driven, inclined planes to cross the Northern New Jersey hills. In 1824, the New Jersey Legislature chartered the Morris Canal and Banking Company with the construction of the canal. The original company failed in 1841 and was reorganized in 1844. Banking privileges were dropped in 1849, leaving the company as a canal-operating business. With vignette of the canal (middle) and an inclined plan (top left). Uneven cancellation hole. VF.

Estimate
SFr80 to SFr100