3 Stock Documents signed by William E. Dodge and David L. Dodge
Inv# AU1430 Stock
Pennsylvania
3 Stock transfers glued together and signed by Wm. E. Dodge, Jr. and David L. Dodge (father of Wm. Sr.). Rare!
William Earl Dodge Jr. (February 15, 1832 – August 9, 1903) was an American businessperson and philanthropist. For many years, he was one of two controlling partners in the Phelps Dodge Corporation, one of the largest copper mining corporations in the United States. Dodge was born in New York City on February 15, 1832, the eldest son of Melissa (née Phelps) Dodge and William E. Dodge Sr. (1805–1883), a U.S. Representative from New York. His father and maternal grandfather, Anson Greene Phelps, were co-founders of the import firm of Phelps Dodge. Dodge was very active in his support of the Union cause during the Civil War, becoming a member of the Union League Club and an advisor to the Women's Central Association of Relief. His service on a commission of the State of New York to supervise the conditions of New York State troops in the field led the New York Legislature to pass a resolution honoring him for his work. He began working for the Phelps Dodge Corporation, and in 1864 was named a Partner in the firm. Dodge and his cousin, Daniel Willis James, transformed the Phelps Dodge company from a placid and profitable import business into one of the world's largest and wealthiest mining corporations. The Phelps Dodge company had decided to enter the mining industry, and hired professor of chemistry James Douglas to make an inspection of mining claims in the Southwestern United States. Douglas suggested that the two men invest in the Detroit Copper Mining Company of Arizona, which owned a copper mining claim in Warren, Arizona. In 1881, Phelps Dodge not only took a controlling interest in the Detroit Copper Mining Company but also purchased a minority interest in the adjoining Copper Queen Mine in Bisbee, Arizona. After the Copper Queen and Detroit Copper both struck the Atlanta lode[6] in 1884, Phelps Dodge bought out the remaining interest in the Copper Queen. The company merged its various mining interests into the Copper Queen Consolidated Mining Company in 1885, and installed Douglas as president and part-owner. With production in the Bisbee expanding, Dodge and his business partners formed the Arizona and South Eastern Railroad (later more widely known as the El Paso and Southwestern Railroad) in 1888. In time, Dodge sat on the board of directors of a number of mining, railroad, real estate, water, and other companies, and Phelps Dodge was on its way to becoming one of the largest mining companies in the world. Dodge had other interests outside of Phelps Dodge, too. He was a leader of the Ansonia Clock Company, American Brass Company, Atlantic Mutual Insurance Company, Lackawanna Steel Company, Morningside Realty Company, United Globe Mines, and the New York Life Insurance Company. He was vice president of the New York Chamber of Commerce at the time of his death.
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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