Chance Silver Mining Co. - Stock Certificate
Inv# MS1098 Stock
Nevada
The company had mines located in the Cherry Creek District of White Pine County in Nevada. The ore was milled at the Exchequer stamp mill. The Chance Silver Mining Company did have a two stamp mill of its own that used to test their ore. Considered the major producer in the district. White Pine County was created in 1869 out of eastern Lander County and was named for the heavy growth of pine trees in the area, thought to be white pine. Hamilton was the first county seat from 1869 to 1887 when it was replaced after a fire by Ely.
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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