Centennial-Eureka Mining Co. - Stock Certificate
Inv# MS2395 Stock
Rare bust of "Liberty" by American Bank Note Company, New York & Boston. Nice!! Properties absorbed December 31, 1917, by U. S. S. R. & M. Co., which see. The first 7 levels of the mine are worked by lessees. Albert Holden graduated from Harvard with a degree in Mining Engineering in 1888. Following graduation he rejoined his father in the silver fields of Utah. Some of Albert's mineral labels are marked "Salt Lake City" (other, presumably later, examples are marked "Cleveland, O."). In 1899, he purchased his father's mines in Bingham Canyon and organized the United States Mining Company to consolidate his interests. He also purchased the Centennial Eureka Mining Company, the Old Telegraph mine, and the Old Jordan and Galena Mining Company. Silver, gold, lead and copper ores were shipped from his many mines to his five-stack smelter on the banks of the Jordan River near the Great Salt Lake. By 1906 he had created the second largest mining and smelting trust in the world; a serious competitor to the American Smelting and Refining 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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