Gardner Mountain Copper Mining Co. of Winterport, Maine - 1880's dated Unissued Mining Stock Certificate
Inv# MS1213 Stock
Stock with nice red seal. Graphics by Arthur & Bennell, NY. Winterport is a town in Waldo County, Maine, United States. The population was 3,817 at the 2020 census. The Winterport Historic District, extending several blocks along Main Street (United States Route 1A), was listed on the National Register of Historic Places in 1975.
First settled in 1766 as part of Frankfort, it was set off and incorporated on March 12, 1860. It was named Winterport because of its fine harbor on the Penobscot River estuary, which generally remained ice free, and so became a busy local terminus for trade and shipping during winter months. When the upper Penobscot River froze, commodities like flour were hauled in large quantities from here to Bangor.
In 1841, Theophilus Cushing opened a large steam mill which manufactured 11,000,000 feet of lumber annually. It also made sugar box shooks, lath, clapboard, and soap and candle boxes. The town had two cooperage factories. Other industries produced harnesses, cheese and butter, and men's vests. Until the Panic of 1857, Winterport was a shipbuilding center. But the principal business for most of the town was agriculture. Read more at https://en.wikipedia.org/wiki/Winterport,_Maine
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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