Independence Extension Gold Mining and Leasing Co. - 1900 dated Stock Certificate - Mines at Victor, Colorado, Cripple Creek District
Inv# MS3207 Stock
Maine
Stock printed by Lyman B. Brooks, Boston, Mass. Custom vignette! Mines at Victor, Colorado, Cripple Creek District.
On October 20, 1890, Robert Miller "Bob" Womack discovered a rich ore and the last great Colorado gold rush began. By July 1891, a post office was established. By November, hundreds of prospectors were camping in the area. Rather than investing in mines, Denver realtors Horace Bennett and Julius Myers sought wealth by platting 80 acres of land for a townsite which they named Fremont. The town consisted of 30 platted blocks containing 766 lots. Each lot sold for $25 and $50 for corner lots. Within a year, the lots value increased and sold for at least $250 each. Months later, investors from Colorado Springs platted 140 acres near Fremont and called their town Hayden Placer. Bennett and Myers filed another plat near the Broken Box Ranch and named it Cripple Creek. The towns’ combined population total 600-800 people by the end of 1891.
By 1892, the Cripple Creek Mining District name had caught on and in June 1892, the post office assigned the Cripple Creek name to Fremont, Hayden Placer, and Cripple Creek and all the settlements became known as one. From 1892, Bennett and Myers oversaw the Fremont Electric Light and Power Company. The district’s first telephone was established in 1893. Thousands of prospectors flocked to the district, and before long Winfield Scott Stratton located the famous Independence lode, one of the largest gold strikes in history. In three years, the population increased from five hundred to ten thousand. The Palace Hotel and the Windsor Hotel were so full that chairs were rented out to be slept on for $1 a night. Although $500 million worth of gold ore was dug from Cripple Creek and more than 30 millionaires were produced since its mining heyday, Womack was not among them.
Having sold his claim for $500 and a case of whiskey, he died penniless on August 10, 1909. By 1892, Cripple Creek was home to 5,000 people with another 5,000 in the nearby towns of Victor, Elton, Goldfield, Independence, Alton, and Strong. As people arrived, the marshal greeted them and confiscated their firearms, which were then sold in Denver to pay for the salary of the teachers of Cripple Creek. Read more at https://en.wikipedia.org/wiki/Cripple_Creek,_Colorado
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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