However , the company ran out of capital during the panic of 1873 and was purchased by the Central Railroad of New Jersey ( CNJ ) .
The rail line was started by the Perth Amboy and Elizabethport Railroad in 1871 .
The company ran out of capital during the panic of 1873 and was purchased by the Central Railroad of New Jersey ( CNJ ) .
The rail line was started by the Perth Amboy and Elizabethport Railroad in 1871 .