This is a great piece - an unissued stock certificate for the Pavonia Ferry Company of New Jersey, circa 1880's

The Pavonia Ferry was a ferry service on the Hudson River, operating between New York City and Jersey City, New Jersey. It was launched in 1854. It was sold to the Pavonia Ferry Company of Jersey City for $9,050 (equivalent to $294,762 in 2022) at New York City Hall in February 1854

The ferry takes its name for Pavonia, the first European settlement on the west bank of the Hudson first established in 1633 as part of New Netherland and later expanded to region known as Bergen.