Furnace Creek Copper Co. - 1907-08 California & Washington Mining Stock Certificate (Uncanceled)
Inv# MS1110 Stock
Washington
Uncanceled Stock printed by Goes. Scarce. The company had 3000 ft. of workings on 21 claims two miles west of Greenwater. One of the “pioneer” mines of the Greenwater District. “Predictions, April 1907 that production would begin immediately, were utterly unwarranted, and the property, though by no means devoid of promise, has yet to prove that it is a mine.” [Copper Handbook, 1908, p. 701-2]. “The camp is entirely deserted, and property…is worthless.” [Copper Handbook, 1912-13, p. 377; also described in Lingenfelter, 1986, “Death Valley & the Amargosa.”]
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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