St. Nicholas Zinc Co. - Stock Certificate (Uncanceled)

Sullivan. Summitville. St. Nicholas Zinc Co. Inc. in DE, 1916. Cert #10971, issued to Samuel Goldstein for 100 shares in 1917. Signed by pres. W.J. Pierce and sec. V.H. Young. Vignette at top left of miners working underground. Six small vignettes of miners incorporated into border design. Black border, gilt seal and safety print. Printer - Goes. 11 x 8. Uncanceled. XF. "Practically dead," Weed, 1920. The company was not doing well in 1918 so the president leased the holdings to the Summitville Ore Concentrating Co., apparently without consulting with the stockholders. Pierce happened to be an officer of the Summitville. Summitville filed an execution for $44,616 against the Nicholas property with the sheriff of Sullivan County in March 1918, and even though the Stockholders Protective Agency fought against it, the Leasing company retained ownership of the mine. The company owned 1050 acres between Summitville and Mamakating, Sullivan County, 90 miles northwest of New York City. The geology was reported to be a fissure vein in sandstone or "grit" beds, which were tilted to form the Shawangunk Range. The fissure dipped with the slope of the hill and bedding of the grits to the NW about 45 degrees. Ores was chiefly lead and zinc sulphides with a little copper. The upper workings opened a vein 300' below its outcrop and the lower tunnel was 800' below, for a total of about 1100' of workings. The vein was from 1 to 8' thick and ore 8" to several feet. Reportedly Kirby Thomas estimated 8,000 tons of developed ore, 10,000 tons of probable ore and 58,000 tons of prospective ore. (Ref: Mines Hdbk, 1920, pp1266-67.)