Silver King Mining Co - Oregon Mining Stock Certificate (Uncanceled)
Inv# MS1077 Stock
1914, Oregon, Stock. Rare state. Uncanceled. Fresh Excellent Condition.
This was a mining company with gold, silver, lead and zinc being mined. Out of the North Santiam District in Marion County. The office was located in Albany, Oregon. J. J. Langmack, President. Wm. S. Risley, Secretary and Treasurer, of Albany. Capital stock, $500,000; par value $1.00; $303,412.75 subscribed, issued and paid up. (1916 report).
Property located 10 miles northeast of Gates, a station on the Southern Pacific railway, and reached by good wagon road. About 3 miles from Elkhorn Post Office at the time. Property consists of 12 mining claims, totaling about 240 acres.
Marion County was created by the Provisional Legislature of Oregon on July 5, 1843, as the Champooick District, one of the original four districts of the Oregon Country along with Twality (later Washington), Clackamas, and Yamhill counties. The four districts were redesignated as counties in 1845.
Originally, this political entity stretched southward to the California border and eastward to the Rocky Mountains. With the creation of Wasco, Linn, Polk, and other counties, its area was reduced in size. Marion County's present geographical boundaries were established in 1856.
In 1849, Salem was designated the county seat. The territorial capital was moved from Oregon City to Salem in 1852. The ensuing controversy over the location of the capital was settled in 1864 when Salem was confirmed as the state capital.
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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