Bannock Ditch and Mining Co. - 1880's dated Montana Mining Stock Certificate
Inv# MS2940 Stock
Unissued Stock. Bannock City, Montana. Bannack is a ghost town in Beaverhead County, Montana, United States, located on Grasshopper Creek, approximately 11 miles (18 km) upstream from where Grasshopper Creek joins with the Beaverhead River south of Dillon. Founded in 1862, the town is a National Historic Landmark managed by the state of Montana as Bannack State Park.
Founded in 1862 and named after the local Bannock natives, Bannack was the site of a major gold discovery in 1862, and served as the capital of Montana Territory briefly in 1864, until the capital was moved to Virginia City. Bannack continued as a mining town, though with a dwindling population. The last residents left in the 1970s.
At its peak, Bannack had a population of about ten thousand. Extremely remote, it was connected to the rest of the world only by the Montana Trail. There were three hotels, three bakeries, three blacksmith shops, two stables, two meat markets, a grocery store, a restaurant, a brewery, a billiard hall, and four saloons. Though all of the businesses were built of logs, some had decorative false fronts. Read more at https://en.wikipedia.org/wiki/Bannack,_Montana
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.
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