50 Pieces of Phelps Dodge Corporation - 1950's-60's dated Mining Stock Certificates - Group of 50 StocksInv# WW1030 Stock
Male figure seated above a huge factory open pit mine scene by American Bank Note. Blue and green. 50 pieces. Phelps Dodge Corporation was an American mining company founded in 1834 as an import-export firm by Anson Greene Phelps and his two sons-in-law William Earle Dodge, Sr. and Daniel James. The latter two ran Phelps, James & Co., the part of the organization based in Liverpool, England. The import-export firm at first exported United States cotton from the Deep South to England, and imported various metals to the US needed for industrialization. With the expansion of the western frontier in North America, the corporation acquired mines and mining companies, including the Copper Queen Mine in Arizona and the Dawson, New Mexico coal mines. It operated its own mines and acquired railroads to carry its products. By the late 19th century, it was known as a mining company. On March 19, 2007, it was acquired by Freeport-McMoRan and now operates under the name Freeport-McMoRan Copper & Gold Inc.
Anson G. Phelps started a partnership in New York City during 1821 with Elisha Peck, a merchant who had been in trade in Berlin, Connecticut. Peck moved to Liverpool to run the British end of their business, an import-export company that shipped U.S.-grown cotton from the Deep South to England, importing tin, iron, copper and other metals essential for industrial growth and development in the United States. In 1834 Peck left the business and was replaced in Liverpool by Daniel James, who remained there until his death in 1876. It was at this time that the concern of Phelps Dodge and Company was begun. Read more at https://en.wikipedia.org/wiki/Phelps_Dodge
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.