Consumers' Mutual Coal Co. - 1865 dated Stock Certificate
Inv# MS2401 Stock
Stock Civil War Dated! Rare! Not all with revenue stamp.
THE CONSUMERS MUTUAL COAL COMPANY. INCORPORATED UNDER THE GENERAL MINING LAWS OF THE STATE OF PENNSYLVANIA, OCTOBER 19TH, 1864. CAPITAL STOCK: 50,000 SHARES, AT $10 PER SHARE, $500,000...OFFICE, NO. 5 1/2 SOUTH SIXTH STREET. Philadelphia: 1864. "The Company has purchased an old-established colliery, about tive miles above Pottsville, with steam-engines, breakers, miners houses, blacksmith- shops, sawmill, cars, mules, and all the equipment for a business of 150,000 tons of coal per annum." Plus, the Company has the right to mine "the best three veins in Schuylkill County." Much data is included, including a report on the 'Grand Excursion to the Collieries. Descent into the Mines- How our Fuel is Procured, Etc.' FIRST EDITION. Not in Sabin, Eberstadt, Decker, or, evidently, NUC.
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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