Calaveras Water and Mining Co. - Stock Certificate (Uncanceled)
Inv# MS1099 Stock
Uncanceled Stock printed by Franklin Bank Note Co., N.Y. Calaveras County is best known for Mark Twain's story about the famous jumping frog contest. The property was located 3.5 miles north of Milton and included the Whiskey Hill gravel mine and a series of water ditches 21 miles in length. The ditches cost $30,000 to construct and were supported by a series of reservoirs. (Burchard, 1881, p. 24.).
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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