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Colorado=Yule Marble Co. - 1913 dated $100 Yule Marble Colorado Mining Bond

Inv# GB5714   Bond
State(s): Colorado
Years: 1913
Color: Gray

$100 Gray 6% Gold Bond printed by Broun-Green Co., N.Y. Almost all coupons remain. Available in Gray or Brown. Please specify color.

Yule Marble is a marble of metamorphosed Leadville Limestone found only in the Yule Creek Valley, in the West Elk Mountains of Colorado, 2.8 miles (4.5 km) southeast of the town of Marble, Colorado. First discovered in 1873, it is quarried underground at an elevation of 9,300 feet (2,800 m) above sea level—in contrast to most marble, which is quarried from an open pit and at much lower elevations.

The localized geology created a marble that is 99.5% pure calcite, with a grain structure that gives a smooth texture, a homogeneous look, and a luminous surface. It is these qualities for which it was selected to clad the exterior of the Lincoln Memorial and a variety of other buildings throughout the United States, in spite of being more expensive than other marbles. The size of the deposits enables large blocks to be quarried, which is why the marble for the Tomb of the Unknown Soldier at Arlington National Cemetery, with its 56-long-ton (57 t) die block, was quarried from Yule Marble.

Yule's quality comes at a high price due to the cost of quarrying in a high-altitude mountain environment. This challenge has caused the industry and the town of Marble to undergo many boom-and-bust periods since quarrying started in the mid-1880s, making the town emblematic of the economic fluctuations that beset a single-industry economy. Technology advancements in quarrying machinery and transportation have reduced, but not solved, the cost problem that afflicts the operation through the present. Read more at https://en.wikipedia.org/wiki/Yule_Marble

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Condition: Excellent

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $125.00