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Hecla Mercantile and Banking Co. - Unissued Montana Stock Certificate - Circa 1890's

Inv# BK1104   Stock
State(s): Montana
Years: 1890-93
Color: Blue Paper

Unissued Stock certificate printed by Baker and Randolph Lith., Indianapolis. Rare! Printed on blue paper.

Hecla was a town in Beaverhead County, Montana, United States. It has been designated as a ghost town, with only a few ruined buildings remaining. It was notable at one time as the home of Blanche Lamont, who taught at Hecla's one-room schoolhouse. Lamont would become the first of two murder victims of Theodore Durrant. Margaret Brown also lived there for a time.

The Hecla Mining District was "on the side of Lion Mountain, and was also referred to as the Glendale and/or Bryant Mining District, which was strung out along ten miles of gulches, the four towns included Trapper City, Lion City, Glendale, and Hecla."

In 1881, the Hecla Company reorganized and came under the direction of Henry Knippenberg. Shortly after he assumed control, Knippenberg had the town of Hecla built a mile away from Lion City ... Transportation from the mine was improved with the construction of a four mile-long, narrow-gauge tramway from Hecla to the mill.

The town of Hecla grew to some 1,500 to 1,800 persons, with a water works system, fire protection, a church, a school for 200 pupils, and other businesses typical of a small mining camp.

The General Merchandise operations in Hecla, run by H.W. Kappes, were "absorbed by the Hecla Mercantile & Banking Company in 1886. The Hecla Mercantile was a subsidiary of the Hecla Consolidated Mining Company based out of Glendale, Montana."

The area "was hard hit when the Sherman Silver Purchase Act was repealed in 1893."

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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.
Price: $50.00