Steuben Coal Co. - 1866 Stock Certificate
Inv# MS1051A Stock
Stock printed by Snyder, Black & Sturn, N.Y. Certificate #3! Early and Very Rare!!!
The Avondale Mine Disaster On September 6, 1869, a fire broke out at the Avondale Colliery near Plymouth, Pennsylvania. The Steuben Coal Company had built a breaker directly above the single shaft. Small fires were kept burning at the bottom of shafts to create drafts that then promoted better air circulation for the working miners. The official cornoner's report stated that sparks from this ventilating furnace set fire to the timbers in the shaft, and the flames then engulfed the breaker at the surface. There was no other way out. The breaker collapsed into the shaft and the fire consumed the oxygen. The death toll was 110, making this the worst anthracite mining disaster. The total included five boys between the ages of twelve and seventeen, and two volunteers who were suffocated while attempting rescue.
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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