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Michigan Iron Co. - Stock Certificate

Inv# GS5614   Stock
Michigan Iron Co. - Stock Certificate
State(s): Michigan
Years: 1872

Stock printed by Western B.N. Engraving Co. Chicago. Marquette, Lake Superior, Mich. Rare!

Marquette (/mɑːrˈkɛt/ mar-KEHT) is a city in Marquette County in the U.S. state of Michigan. The population was 20,629 at the 2020 United States Census, which makes it the largest city in the Upper Peninsula. It also serves as the county seat of Marquette County. Located on the shores of Lake Superior, the city is a major port, known primarily for shipping iron ore. The city is partially surrounded by Marquette Charter Township, but the two are administered autonomously.

Marquette is the home of Northern Michigan University. In 2012, Marquette was listed among the 10 best places to retire in the United States by CBS MoneyWatch.

The land around Marquette was known to French missionaries of the early 17th century and the trappers of the early 19th century. Development of the area did not begin until 1844, when William Burt and Jacob Houghton (the brother of geologist Douglass Houghton) discovered iron deposits near Teal Lake west of Marquette. In 1845, Jackson Mining Company, the first organized mining company in the region, was formed.

The village of Marquette began on September 14, 1849, with the formation of a second iron concern, the Marquette Iron Company. Three men participated in organizing the firm: Robert J. Graveraet, who had prospected the region for ore; Edward Clark, agent for Waterman A. Fisher of Worcester, Massachusetts, who financed the company, and Amos Rogers Harlow. The village was at first called New Worcester, with Harlow as the first postmaster. On August 21, 1850, the name was changed to honor Jacques Marquette, the French Jesuit missionary who had explored the region. A second post office, named Carp River, was opened on October 13, 1851 by Peter White, who had gone there with Graveraet at age 18. Harlow closed his post office in August 1852. The Marquette Iron Company failed, while its successor, the Cleveland Iron Mining Company, flourished and had the village platted in 1854. The plat was recorded by Peter White. White's office was renamed as Marquette in April 1856, and the village was incorporated in 1859. It was incorporated as a city in 1871.

During the 1850s, Marquette was linked by rail to numerous mines and became the leading shipping center of the Upper Peninsula. The first ore pocket dock, designed by an early town leader, John Burt, was built by the Cleveland Iron Mining Company in 1859. By 1862, the city had a population of over 1,600 and a soaring economy.

In the late 19th century, during the height of iron mining, Marquette became nationally known as a summer haven. Visitors brought in by Great Lakes passenger steamships filled the city's hotels and resorts.

South of the city, K. I. Sawyer Air Force Base was an important Air Force installation during the Cold War, host to B-52H bombers and KC-135 tankers of the Strategic Air Command, as well as a fighter interceptor squadron. The base closed in September 1995, and is now the county's Sawyer International Airport.

Marquette continues to be a shipping port for hematite ores and, today, enriched iron ore pellets, from nearby mines and pelletizing plants. About 7.9 million gross tons of pelletized iron ore passed through Marquette's Presque Isle Harbor in 2005.

The Roman Catholic Bishop Frederic Baraga is buried at St. Peter Cathedral, which is the center for the Diocese of Marquette.

Lakeview Arena, an ice hockey rink in Marquette won the Kraft Hockeyville USA contest on April 30, 2016. The arena received $150,000 in upgrades, and hosted the Buffalo Sabres and Carolina Hurricanes on October 4, 2016 in a preseason NHL contest. Buffalo won the game 2-0.

Lake Superior is the largest and northernmost of the Great Lakes of North America, and among freshwater lakes, it is the world's largest by surface area and the third-largest by volume. It holds 10% of the world's surface fresh water. It is shared by Ontario, Canada, to the north, and states in the United States in other directions: Minnesota to the west, and Wisconsin and the Upper Peninsula of Michigan to the south. Lake Superior is the most northerly and most westerly of the Great Lakes chain, and the highest in elevation. It drains into Lake Huron via St. Mary's River.

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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: $245.00