Cascade Silver Mines and Mills - Stock Certificate
Inv# MS1074 Stock
The Moulton mine is located on Rock Creek about one-quarter mile east of Neihart. The claim was located in the early 1880s by Jonathan McAssey and was surveyed for patent in 1888. By 1893, the mine had produced 450,000 ounces of silver. A gravity concentrator connected the mine by a tramway was constructed in 1899. With the concentrator, low-grade ores and tailings were treated until 1900, when the mine became inactive. Cascade Silver Mines and Mills Company took over the mine in 1917, and renovated the old mill. By 1919 it was treating as much as 150 tons of ore a day. The mill burned down in May, 1921 and was not rebuilt. Production basically ceased by 1923. Production of the Moulton mine to 1923 is estimated at about 1.5 million dollars. By 1949, all of the mine workings were inaccessible (Sahinen 1935; Robertson 1951).
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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