Gruss Mining Co. - Stock Certificate
Inv# MS1027 Stock
Mining Stock printed by Republic Bank Note Co., Pittsburgh, PA. Eagle vignette! Rare!!!
The old Genesee mine was said to have yielded $1 million in gold and silver. This company reopened the mine, intending to work it for copper. Consisted of a vein at a slate/meta-andesite contact bearing chalcocite and massive sulfides. In about 1920 the company shifted its focus to the Surcease mine in Butte County that it optioned from the Goldfield Consolidated Mines Exploration Co. About 1922-23 it relinquished this option and took out a lease on the Finney Mine at Downieville. (1920,1925 & 1931 volumes of the Mines Handbook) The company was reported inactive in the 1949 Mines Register. Also available in Unissued for lesser price. Please inquire if interested.
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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