Alaskan Gold Mining Co. - 1897 dated Alaska Mining Stock Certificate
Inv# AH1017 Stock
Stock Certificate #6 for 50,000 shares! States "District of Alaska" at top. The District of Alaska was the federal government’s designation for Alaska from May 17, 1884, to August 24, 1912, when it became Alaska Territory. Previously (1867–1884) it had been known as the Department of Alaska, a military designation. The designation as a district meant that Alaska became an incorporated but unorganized territory with a civil government. The governor of the District of Alaska was appointed by the president of the United States.
At the time of the 1867 Alaska Purchase, legislators in Washington, D.C., were occupied with post–Civil War reconstruction issues, and had little time to dedicate to Alaska. As a department, Alaska was handled as a strategic military area, variously under the jurisdiction of the U.S. Army (until 1877), the United States Department of the Treasury (from 1877 until 1879) and the U.S. Navy (from 1879 until 1884). By 1884, the civilian population had grown to the point where President Chester A. Arthur signed off on the First Organic Act, and appointed a civil government. Read more at https://en.wikipedia.org/wiki/District_of_Alaska
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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