Skip to main content

Massachusetts and New Mexico Consolidated Mining Co. - Purchase Money Bond - Different Denominations Available

Inv# MB5017   Bond
Massachusetts and New Mexico Consolidated Mining Co. - Purchase Money Bond - Different Denominations Available
State(s): Massachusetts
New Mexico
Years: 1882

$50, $100 or $500 6% Bond printed by Samuel Hobbs & Co., Boston. The Plymouth Rock Mining Company merged with the Massachusetts and New Mexico Consolidated Mining Company to become the Massachusetts and New Mexico Consolidated Mining Company. Please specify denomination that is needed.

Mines at Eureka, Grant County, New Mexico. Formerly owned by the Owl Mining Co. Over 2 rows of coupons. A great piece of western Americana, issued during a very wild period in the development of the west. According to the information taken from the company's prospectus and printed in EMJ: The property of the company consists of the Legal Tender ledge, which adjoins Silver City and is the original discovery which lead to the settlement of Silver Flat mining district. The amount of ore in sight in the various shafts and drifts is estimated at 2,000 to 3,000 tons. Already there has been expended upon the property over $16,000 foot timber shafts, drifts etc. 216 tons of ore were sent to another company's mill and returned 24,229 ounces of silver, value about $26,000, being the average of $124 per ton. This ore was transported by ox teams for which $9 per ton was paid, in addition to $30 per ton for milling. (Ref: Burchard 1883 p 575; E&MJ 1879 p300.)

Condition: Excellent

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $70.00