18__ Schuylkill Navigation Co. Stock Certificate. Attractive early canal scripophily certificate with vignette of canal gates. The Schuylkill Navigation Company was chartered in 1815 to build a series of navigation improvements in the Schuylkill River in southeastern Pennsylvania. A waterway of 108 miles was completed in 1827 linking Philadelphia to Port Carbon in the anthracite coal fields of Pottsville. Combining 62 miles of separate canals, often referred to as "reaches", with 46 miles of slack water pools, the Schuylkill Navigation used 92 lift locks to overcome a difference of 588 feet in elevation between its terminal points. The Union Canal, built between 1821 and 1828, connected with the Schuylkill Canal at Reading; the two canals combined to make a water link between Philadelphia and the Susquehanna River at Middletown. With its ability to transport bulk cargoes and provide water power, the Schuylkill Navigation transformed the towns of Reading, Norristown, and Pottsville into early manufacturing centers. As with many canals, competition with railroads led to its decline. (source: Wikipedia) Certificate is in EF condition.
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