Crimora Manganese Co. - Stock Certificate
Inv# MS3034 Stock
Stock printed by Franklin-Lee Bank Note Co., New York.
Crimora is a census-designated place (CDP) in Augusta County, Virginia, United States. The population was 2,209 at the 2010 census, a 23% increase from the 1,796 reported in 2000. It is part of the Staunton–Waynesboro Micropolitan Statistical Area.
What put Crimora on the map was the open-pit Crimora Manganese Mine that started in 1866. The mineral manganese was used in the production of steel. Mining at Crimora continued intermittently under a series of owners until March 1946. The Crimora deposit is about 500 feet wide, 200 feet deep, and half a mile long and consists of clay with scattered lumps of manganese ore. It lies under a layer of clay and quartz fragments about 15 feet thick. The Crimora deposit produced more manganese than any other single deposit in the United States and, at one time, the mining operations there were among the largest in the world.
The mines are located at the foothills of the mountains of the Shenandoah National Park. They are two miles east of Crimora Station on the Norfolk Southern Railway formerly known as the Shenandoah Valley Railroad. Crimora Station was located at milepost 136.9 but the station is no longer there. The remains of the mine consist of three adjoining man-made lakes that range from 20 to 100 feet deep, with underwater shafts connecting multiple water sources around the Crimora area.
The Coiner House and Crimora School are listed on the National Register of Historic Places.
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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