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1950's-60's dated 100 Pieces of Calumet and Hecla, Inc. - 100 Mining Stock Certificates - Wonderful History

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1950's-60's dated 100 Pieces of Calumet and Hecla, Inc. - 100 Mining Stock Certificates - Wonderful History
State(s): Michigan
Years: 1950's-60's
Color: Green or Red

100 Stock Certificates! The Calumet and Hecla Mining Company was a major copper-mining company based within Michigan's Copper Country. In the 19th century, the company paid out more than $72 million in shareholder dividends, more than any other mining company in the United States during that period.

In 1864, Edwin J. Hulbert discovered a copper-bearing section of what became known as the Calumet Conglomerate of Precambrian age. The find was in Houghton County, Michigan, between the rich Cliff mine to the northeast, and the copper mines of Portage Lake to the southwest, but a long way from either. Hulbert formed the Hulbert Mining Company in 1864 to acquire the land rights, before creating the Calumet Company in 1865, with Boston investors. The company spun off the Hecla Company the following year, and assigned shares in the new company to Calumet shareholders.

Hulbert was a major shareholder in both companies, and was in charge of mine operations. But despite the rich ore, Hulbert did not have the practical knowledge to dig out the ore, crush it, and concentrate it. Frustrated with Hulbert’s lack of success, the company sent Alexander Agassiz, son of famous geologist Louis Agassiz, to Michigan to run the mine. Read more at https://en.wikipedia.org/wiki/Calumet_and_Hecla_Mining_Company

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Condition: Extremely Fine

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: $240.00