Clove Spring Iron Works - Stock Certificate
Inv# GS1080A Stock
Stock Graded by PMG, 65 EPQ Gem Uncirculated.
In relation to the Clove Spring Iron Works, the Clove Furnace Ruin in Arden, New York, United States, was a longtime smelting site for iron ore mined from nearby veins in what is now Harriman State Park. It is located on Arden Station Road just east of the New York State Thruway, and can easily be seen from the highway. It was built in 1854 by Robert & Peter Parrott, who also owned and operated numerous mines in the area, known collectively as the Greenwood Iron Works. Together with the Greenwood Furnace (c.1810), located roughly one half mile east of Clove, these two furnaces produced iron which supplied the Parrott's West Point Foundry at Cold Spring, NY. The foundry produced the famous and highly effective Parrott Rifle (cannon) utilized by the Union army during the Civil War. The furnace shut down permanently, shortly after Robert Parrott's death in 1877.
It is located on Arden, which was formerly a property of Columbia University.
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.
Ebay ID: labarre_galleries