St. Joseph Lead Co. - 1960's dated New York Mining Stock Certificate
Inv# MS1050 Stock
Lead Mining Stock. Nice vignette of miners at work in the tunnels. Scarce!!! St. Joe Minerals Corporation was an American mining company. It was the United States largest producer of lead and zinc at the time of its merger with Fluor Corporation in 1981. The St. Joseph Lead Company was founded on March 25, 1864 by Lyman W. Gilbert, John E. Wylie, Edmund I. Wade, Wilmot Williams, James L. Dunham and James L. Hathaway in New York City.
The company acquired a lead mine at Bonne Terre, Missouri. The mine had numerous problems including Price's Raid by Confederate States Army General Sterling Price. However under first president J. Wyman Jones and new mine manager Charles B. Parsons began using new diamond drilling techniques the business prospered. It nearly went bankrupt February 26, 1883 when a fire destroyed the milling operations. The success of the company prompted many competitors in southeast Missouri including the Doe Run Company and Desloge Consolidated Lead Company which were absorbed by St. Joe. Firmin V. Desloge, patriarch of the Desloge Family in America, remained on the board of directors as well as many of his descendants well into the late 20th Century.
By 1923 the company had 250 miles of underground railroad running under Flat River, Missouri, Leadwood, Missouri, Desloge, Missouri, Rivermines, Missouri and Elvins, Missouri. In 1925 it expanded operations to lead, zinc and silver mining in South America including the Aguilar mine in Argentina near the Bolivia border. Read more at https://en.wikipedia.org/wiki/St._Joe_Minerals
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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