El Dorado Mining Co. - Stock Certificate
Inv# MS1100 StockState(s):
California
Years:
187-
Unissued Stock. Mine located in Lower California, Mexico. Excellent Condition.
About 1870 a new mill was built by the El Dorado Mining Company, and this was really the beginning of successful operations in the district. This El Dorado Mining Company consisted of John Nash, who took over the property in 1870, and his later associates,
NEVADA HISTORICAL SOCIETY 99
one of whom was his brother-in-law, Mr. Davis, a practical mill man, and familiarly known as "Old Man" Davis; to distinguish him from his son, Percy W., who came in later. Another partner was a Mr. Fuller, who was persuaded by Davis to sell his farm in the East to provide money for building the new mill. Together Davis and Fuller erected the mill and took a small interest in the mine to recompense them for the outlay of time and money. At this date the El Dorado Company owned only the Techatticup mine. The Queen City was a vein that converged upon and diverged from the Techatticup. While not a parallel vein, yet its ore bodies occurred opposite those in the Techatticup as if a parallel had dipped into the Techatticup at a greater depth. Up to 1872 the Queen City was owned and worked by Senator George Hearst of California.
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.
Item ordered may not be exact piece shown. All original and authentic.
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