Bunker Hill Mining and Smelting Co. - 1908 dated Idaho Mining Stock Certificate
Inv# MS2921 StockMaine
Washington
Stock printed by Goes. The Bunker Hill Mining Company operates mining facilities in Kellogg and Wardner, Idaho. On July 29, 1887, Simeon Reed acquired the Bunker Hill Mine and Mill, subsequently establishing the Bunker Hill and Sullivan Mining and Concentrating Company. John Hays Hammond was appointed as the mine manager, and in 1891, a new concentrator known as The Old South Mill commenced operations, with a capacity of 150 tons per day. Hammond assumed the presidency on July 2, 1891, and was succeeded by Nathaniel H. Harris on June 15, 1893, during which time the company’s headquarters were situated in San Francisco.
William Henry Crocker, associated with Crocker National Bank, held the position of treasurer and was also the principal stockholder. At the onset of the mining boom in the Coeur d'Alene district of Idaho, the region was sparsely populated. In 1887, the Bunker Hill and Sullivan companies constructed a boarding house for miners. By 1894, the workforce had expanded to 332 employees, and in the late 1890s, the company developed single-family homes to attract workers with families. In 1900, the company established a school building in Kellogg, contributed to the development of local churches, and initiated a loan program to assist employees in purchasing their homes.
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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