1860. New Jersey. Morris Canal & Banking Company Stock

Description

1860.   Very  Fine condition.     Shipped flat.
The
Morris Canal
(1829–1924) was a 107-mile (172 km)
common carrier
coal
canal
across northern
New Jersey
in the United States that connected the two industrial canals at
Easton, Pennsylvania
, across the
Delaware River
from its western terminus at
Phillipsburg, New Jersey
, to
New York Harbor
and the
New York City
markets via its eastern terminals in
Newark
and on the
Hudson River
in
Jersey City, New Jersey
. (The canal was sometimes called the
Morris and Essex Canal
,
[2]
in error, due to confusion with the nearby and unrelated Morris and Essex Railroad.)
With a total elevation change of more than 900 feet (270 m), the canal was considered an ingenious technological marvel for its use of
water-driven
inclined planes
, the first in the United States, to cross the northern New Jersey