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NJ. Elizabeth Town & Somerville Railroad Co., 1841, I/U Mortgage Bond, Very Possibly Unique.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:150.00 USD Estimated At:375.00 - 750.00 USD
NJ. Elizabeth Town & Somerville Railroad Co., 1841, I/U Mortgage Bond, Very Possibly Unique.
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[?]Live Online Auction Starts In 2025 Oct 29 @ 11:00 (UTC-04:00 : AST/EDT)
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The auction will take place on October 29, 2025 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 11:00 AM
Elizabeth Town..., New Jersey, 1841. $1000 I/U 6% Mortgage Bond Certificate, Blue printing with pink border, S/N 170, VF condition. The Elizabeth Town & Somerville Railroad Co. was the predecessor of the Central Railroad of New Jersey. The certificate is signed by Colonel John Kean as President. Unlisted as a bond in the Cox Manual, with only 1 stock certificate known on the railroad, no bonds have previously been seen. Colonel John Kean (March 27, 1814 – January 17, 1895) was an American businessman and public official. Kean invested in banks, railroads, and public utilities including the Elizabethtown Gas Light Company (which he founded), and the Elizabethtown Water Company (controlled by his son, John, and today a part of American Water). He helped to found the Central Railroad of New Jersey and served as its first president. While on the staff of Governor William Pennington (under whom he studied law), Kean acquired the rank of Colonel, a title he used the rest of his life. (Garden State Railroad Collection).