Sunset Copper Mining Co. - Stock Certificate
Inv# MS1362 StockSUNSET COPPER MINING CO. WASHINGTON Snohomish. Index. Incorporated in Washington. The company organized in 1897 to develop the Sunset group of claims located in the Index district. Ore assays were reported at 12% copper and 8 ounces silver with an average of 9% copper on 300 tons of ore sent to the Puget Sound Reduction Works. It would appear that like some many other bad eggs, this company became involved with a dishonest promoter. The 1904 Copper Handbook that it would be prudent to thoroughly investigate the management involved with Sunset as W. H. Baldwin was promoting the company. At least three things are required to make a successful mine, these being, ore, money and management, and as the present promoter of the Sunset, W. H. Baldwin, has been implicated in a scandalous mining failure, careful investigation has been made for this publication. The Copper Handbook found that the officers involved were honest and reputable and any financial problems that had or would arise would be due to mismanagement, not intent to deceive (p.660-662). In 1904, McManus, the original promoter of the company, came back and helped in paying the entire debt of the company.
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.
Ebay ID: labarre_galleries