Canadian Metal Company, Limited - 1906 dated Canadian Stock Certificate
Inv# FS2319 Stock
Stock with tear at fold. British Columbia, Canada. In 1905, the Canadian Metal Company purchased the mine. The next year, the steamboat hulks containing dormitories were replaced by married men's cottages and single men's bunkhouses. In 1907, the settlement was renamed Riondel after Count Edouard Riondel, the company president and French banker. Often mispronounced, the correct way is Ree-on-del with accent very slightly on the first syllable. The concentrator, operational from 1908, proved effective. When new pumping equipment failed to keep pace with flooding at the lower levels, the mine was abandoned in 1921. Read more at https://en.wikipedia.org/wiki/Riondel,_British_Columbia#Canadian_Metal_Company
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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