Cherokee Gold Mining Co. - Greenville, Plumas County, California - California Mining PMG Graded Stock Certificate
Inv# MS1724 Stock
PMG graded Stock. Greenville, Plumas County, California. Superb color and graphics! Plumas County is a county in the Sierra Nevada of the U.S. state of California. As of the 2020 census, the population was 19,790. The county seat is Quincy, and the only incorporated city is Portola. The largest community in the county is East Quincy. The county was named for the Spanish Río de las Plumas (the Feather River), which flows through it. The county itself is also the namesake of a native moth species, Hadena plumasata.
Plumas County was formed in 1854 during a meeting of three commissioners at the American Ranch in Quincy. It was carved from the eastern portion of Butte County. Quincy, originally a mining town, was chosen as the county seat after an early settler donated a plot of land there to establish the seat. Once it became the seat, nearby Elizabethtown faded and ultimately became defunct. In 1864, the state legislature took a large portion of Plumas County to organize Lassen County. Shortly afterward, Plumas County annexed part of Sierra County, including the prosperous mining town of La Porte.
Over the next decades, different industries drove the growth of the various settlements that sprung up around the county. Greenville began as a mining and farming community in Indian Valley in the late 1850s. Chester was formed near the area that is now Lake Almanor, as a result of cattle ranching and the timber industry. When the Western Pacific Railroad was constructed in 1910, Portola developed as an important railroad stop. Thanks to the railroad, Plumas County could export its lumber beyond the local area, and the timber industry became dominant in the county's economy for decades. As the railroad route extended up the Feather River Canyon, it was also used by the area's first tourists and sightseers. When the Feather River Highway was completed in 1937 with federal investment in infrastructure by President Franklin D. Roosevelt during the Great Depression, Plumas County became linked to the Sacramento Valley year-round thanks to the route's low elevation. Read more at https://en.wikipedia.org/wiki/Plumas_County,_California
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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