Tombstone Consolidated Mines Co., Limited - 1902 dated Tombstone, Arizona Mining Stock Certificate
Inv# MS5066 Stock
Fully Issued Tombstone Mining stock certificate.
Formed in 1900, the Tombstone Consolidated Mines Co., Limited, was established to consolidate major silver mining properties in Tombstone, Arizona. This consolidation aimed to enable large-scale, deeper mining operations below the water table. However, the company faced intense groundwater flooding at around 500-600 feet, which had previously hindered profitable operations. In response, the company installed powerful, modern pumps in 1901, successfully dewatering the mines to approximately 1,000 feet and reviving production in the thriving yet challenging district.
Despite these achievements, the endeavor encountered significant financial and technical challenges. Falling silver prices and high maintenance costs for the massive pumping machinery posed substantial obstacles. Ultimately, the company, which had previously dominated the district’s operations, collapsed in 1911 when its pumping system failed, leading to the flooding of the mines once again. By 1918, the era of deep mining came to an end, and most operations were taken over by smaller-scale lessees who focused on shallower, remaining deposits. The company’s efforts represent a pivotal moment in Arizona’s mining history, highlighting the ongoing struggle between technological advancements and environmental challenges.
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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