1,000 Shares Pocahontas Fuel Company Inc. - 1921 dated Stock Certificate
Inv# HD1092 Stock
1,000 shares Stock printed by American Bank Note Company. The Pocahontas Fuel Company Store was a historic company store building located at Switchback, McDowell County, West Virginia. It was designed by architect Alex B. Mahood, and built in 1917. It was a two-story brick building with a one-story wing that housed the business office. It had a flat roof, sat on a high stone foundation, and featured Neoclassical detailing. It had a brick cornice with a concrete parapet and a concrete entablature with dentils.
Pocahontas Fuel Company Incorporated West Virginia's southern coal fields were not opened until about 1870, though they were known to exist much earlier. One of the major southern coal fields was the Flat Top-Pocahontas Field, located primarily in Mercer and McDowell counties. The Flat Top Field first shipped coal in 1883 and grew quickly from that time. Operations were consolidated into large companies, and Pocahontas Fuel Company, organized in 1907, soon dominated the other companies in McDowell County. Pocahontas Consolidated Collieries Company From April 1st, 1911, the fuel needs of the Isthmian Canal Commission and the Panama Railroad were largely supplied under contract with the original Pocahontas coal produced by the Pocahontas Consolidated Collieries Company, Incorporated, and from a few other coal mining operators in the Pocahontas and New River fields of Virginia and West Virginia.
Contracts for the supply of more than half a million tons annually for the work on the canal were awarded to the Pocahontas Fuel Company, of New York City, the selling agent of the original Pocahontas producers. The first contract was for one year from April 1st, 1911, and such was the satisfaction given that on the first of April, 1912, a second contract was awarded for the entire estimated period for the completion of the canal, namely, to October ist, 1914. The producers of this coal congratulate themselves that their fuel as a power producer was a strong factor in the remarkable record of construction at Panama. Pocahontas coal is produced in southwestern Virginia and southeastern West Virginia within a distinctly limited area, where, however, there are more than a billion tons of this coal still available for mining. Mining was first commenced at the famous Pocahontas Baby Mine, which is still operated, in 1882, and since that time the opening of new collieries has proceeded steadily until almost the entire Pocahontas field is being mined. The Pocahontas Consolidated Collieries Company alone has nineteen mines in full operation, the output of which is nearly thirty per cent. of all Pocahontas coal marketed. The officers of this company are Isaac T. Mann, president; Charles S. Thorne, first vice-president; Jenkin Jones, second vice-president; James Ellwood Jones, general manager; and George W. Woodruff, secretary and general counsel. Read more at https://en.wikipedia.org/wiki/Pocahontas_Fuel_Company_Store
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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