William Albert Paine-Lake Copper Co

William Albert Paine (1855-1930), In 1899 he partnered with John Stanton, who was already well known in the Cooper Country with his interest in the Stanton-Gay group which had controlling interest in the Atlantic, Central and Allouez mines. The Paine-Stanton group was formed in 1899 to develop the land between Ontonagon and Houghton. This group was incorporated as the Copper Range Railroad and the Copper Range Consolidated Co., with William Paine as President and John Stanton on th board. In 1901 this corporation controlled the Baltic and Trimountain mines, the Copper Range Railroad, 50% of the Champion mine and 60% of Michigan Smelting Company. In 1904 this group of companies mined 62 million pounds of copper, which accounted for 30% of the total output of Michigan’s copper mines. C & H was the largest at 39%. This 1923 Michigan Stock is signed by the founder of Paine, Webber and Co, William A. Paine.