Chrysolite Silver Mining Co. - 1880 dated Leadville, Colorado Mining Stock Certificate
Inv# MS2493 Stock
New York
Stock printed by American Bank Note Co., New-York. Mines "Fryer Hill" Leadville, Colorado. The Leadville area was first settled in 1859 when placer gold was discovered by A. G. Kelley in California Gulch, and by Abe Lee in April (25/26) 1860, during the Pikes Peak Gold Rush. Prospectors panned for gold in the stream that ran through California Gulch in what became the town of Oro City (oro is the Spanish word for gold). Horace Tabor, who became known as the "Leadville Silver King", and his wife Augusta were among the first prospectors to arrive in Oro City. Horace was appointed as the postmaster of Oro City on November 30, 1868. His wife made money as postmistress, banker, cook, and laundress while Tabor was a prospector.
The early miners had noted that mining for placer gold was hampered by heavy black sand in the sluice boxes, and in 1874 it was discovered that the heavy sand that impeded gold recovery was the lead mineral cerussite, which has a high silver content. Prospectors traced the cerussite to its source, present day Leadville, and by 1876 had discovered several silver-lead lode deposits. As the gold has been tapped out of the gulch and attention was averted to nearby Leadville, a mile or two away, Oro City became a ghost town. Read more at https://en.wikipedia.org/wiki/Leadville,_Colorado
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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