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Description
The Hudson and Manhattan Railroad (H&M), later as the H&M Hudson Tubes, was the first major railroad to link stations in New Jersey with New York City. It was first planned in 1873, but early construction was intermittent. The first trains ran in 1907 and revenue service started between Hoboken and 19th Street in 1908. In 1909, service began between Lower Manhattan and Jersey City, through a new set of tunnels located south of the first pair. After the completion of the uptown Manhattan extension to 33rd Street and the westward extension to Newark (and the now-defunct Manhattan Transfer in 1911), the H&M was considered to be complete. Bridge development eroded the passenger base, and the H&M filed for bankruptcy in 1954. The Port Authority, a government-subsidized entity, began service in 1962. The H&M is today commonly referred to as the PATH train.
For sale is an unusual and rare Preferred Stock in the H&M, issued in the Netherlands and dated February 22m 1938; it is for $1,000. Included with the stock is a Dutch registration slip for the stock, along with 9 divided payment coupons. The impression in the upper right corner of the stock is the Dutch revenue tax stamp. The stock measures appx 10x7 inches; the registration slip, appx 8x5 inches; and the coupons appx 10x8 inches. All are printed on mid-weight paper stock.
These items are in very good condition; All writing/markings are from their issuance and processing. There are no rips or tears. There are tape stains at the tops of the registation slip and coupons page. The coupons page has been folded.
For sale is an unusual and rare Preferred Stock in the H&M, issued in the Netherlands and dated February 22m 1938; it is for $1,000. Included with the stock is a Dutch registration slip for the stock, along with 9 divided payment coupons. The impression in the upper right corner of the stock is the Dutch revenue tax stamp. The stock measures appx 10x7 inches; the registration slip, appx 8x5 inches; and the coupons appx 10x8 inches. All are printed on mid-weight paper stock.
These items are in very good condition; All writing/markings are from their issuance and processing. There are no rips or tears. There are tape stains at the tops of the registation slip and coupons page. The coupons page has been folded.
