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Victoria Copper Mining Co. - Michigan Mining Stock Certificate

Inv# MS3342   Stock
State(s): Michigan
Years: 1920
Color: Brown

Stock printed by John A. Lowell Bank Note Co., Boston.

The Victoria Mine is the name given to a series of copper mines located in Rockland Township, Ontonagon County, in Michigan's Copper Country. It was near this location that a large piece of float copper, known as the Ontonagon Boulder, was found. The mine operated off and on from 1849 until its final closure in 1921. Most of the metal found there was low grade native copper from the Forest Lode. Quartz, epidote, calcite, prehnite, and pumpellyite are also found in the rock.

In 1849, Christopher Columbus Cushing opened a mine not far from the area where Henry had attempted to dig. The Cushin Mine ran for about a year before the Forest Mine took over in 1850. Eight years later, the company reorganized as the Victoria Mining Company. The company experienced several disasters during this time. The first stamp mill was destroyed in a fire and the second washed away in a flood. After 1855, the mine was operated sporadically for a number of years. During this period of time, estimates show that 200 to 250 tons of copper were mined from the Victoria. The company shipped the copper to Calumet, Michigan, where it was smelted.

In 1881, The former mining captain of the Nonesuch Mine, Thomas Hooper, assessed the state of the Victoria Mine and after pumping the water from the mine, he found it to be in disrepair. Many of the tunnels and adits had collapsed and the support timbers were found rotted. He concluded that a large investment would be needed in order for the mine to run again. Because of this, it was not until the end of the nineteenth century that the mine finally reopened.

Beginning in 1899, the Victoria Copper Mining Company started running the mine and Captain Hooper was hired to run the operation. One of the first problems Hooper encountered was a lack of fuel. Wood was hard to come by at that time and coal was expensive, so Hooper began to look into other energy sources. Even as early as 1882, the possibility of hydropower was discussed. The Michigan Department of Mineral Statistics annual report in 1882 stated: "Among the important advantages which the property possesses is the water-power in the west branch of the Ontonagon river, about a mile south of the mine; forty feet of head can be used here…If it shall be decided to systematically work the mine, the water-power in the west branch will undoubtedly be utilized to operate the machinery…". In 1904, Charles Havelock Taylor, a Canadian inventor, visited the site in order to build a hydraulic air compressor that would harness the water in the Ontonagon River. Once running, the Taylor Air Compressor was able provided the Victoria Mine with an inexpensive power source which uniquely equipped the mine with the ability to extract the low grade ore. In fact, the Mines Register reported that the Victoria was "placed in a position to handle rock of lower average grade than perhaps any other mine in the Lake Superior district".

During this time, the village near the mine site, Victoria, grew to eighty houses. All buildings in the town were owned by the mining company, including the school, general store, and houses. The inhabitants of the town were miners and their families. These miners were paid average wages of the time: $1 a day for a ten-hour day and later $2 for the same amount of time.

Records from this time are hard to come by and so it is unknown exactly how much copper was mined during this time.

The mine ran almost continuously for nearly twenty years, but as the 1920s approached, the price of copper started to decline. The cheap power provided by the Taylor Air Compressor allowed the Victoria Mine to remain open longer than most of its competitors. After World War I ended, though, copper prices fell by fifty percent to 13 cents per pound. When the price dropped to 11 cents a pound, the Victoria Mine closed for the final time.

After the mine closed in 1921, the Copper District Power Company purchased the lands with the intent of building a hydro-electric plant on the Ontonagon River. The new dam (a multiple-arch type, built between 1929-1931) created a five mile long artificial lake called the Victoria Flowage. Operated by the Upper Peninsula Power Company since 1947, the company now owns three dams upstream of the Victoria Dam in order to harness enough water to supply power for the area. Near the main dam, the Taylor Air Compressor, its canals, and the dam (Hooper Dam) built in 1902 to supply it now lay submerged. Though no longer in use, the Taylor Hydraulic Air Compressor may be fully operational.

Following the closure of the mine, the village of Victoria fell into disrepair. During the 1970s, an attempt was made to preserve the historical aspects of the area. The Society for Restoration of Old Victoria began repairing a group of the old cabins where the miners lived. The site opened in 1976 and has been giving guided tours ever since. Currently, four cabins have been restored and furnished to suit the time period, including two boarding houses and a family home. It is now one of the Keweenaw Heritage Sites in the Keweenaw National Historical Park.

In 1843, the Upper Peninsula was divided into Mackinac, Chippewa, Marquette, Schoolcraft, Delta, and Ontonagon Counties. In 1845, Houghton County boundaries were defined, with areas partitioned from Marquette and Ontonagon Counties. The new county was named after Douglass Houghton, the new state's first State Geologist, who extensively explored the Upper Peninsula's mineralogy. The original boundaries of Houghton County included the future Keweenaw and Baraga Counties. In 1846, the county was organized into three townships: Eagle Harbor, Houghton, and L'Anse. Keweenaw County was set off from Houghton County in 1861 and Baraga County was set off in 1875.

Houghton County's history is heavily marked by immigration. At one of the peaks of its population, the 1910 census had 40.6% of its population of 88,098 as foreign-born, with 89.3% of the population being either foreign-born or having at one or both of their parents as foreign-born. 70.6% of all voters were foreign-born, and only 5.1% of voters were native-born with native parents. This amalgam of immigrants from dozens of countries created a unique culture, especially once population growth stopped, and the county shrank in population to its current numbers. Heavily representative among many ethnicities were the Finnish. The 1910 census listed 13.1% of the residents being Finnish-born (out of the 32.3% total of the residents listed as foreign-born). The 2010 census lists almost the same proportion (32.5%) of the population as having Finnish ancestors.

Amid the Great Depression of the 1930s, a sharp increase in unemployment among workers in the mining and timber industries caused a pivot to potato production. For a brief time in the 1930s and 1940s, the region became a major exporter of potatoes within the United States.

In June 2018, a major flash flood caused sinkholes and washouts in the towns of Chassell, Houghton, Ripley, Lake Linden, and Hubbell.

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
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