Ingleside Mining and Manufacturing Co. - 1891 dated Stock Certificate
Inv# MS3583 Stock
Stock printed by Daggett Printing Co., Charleston. Certificate #5!
Francis Holmes purchased the venerable Hayes Plantation west of Goose Creek Bridge in 1871 ending 169 years of Parker Family tutelage. Holmes renamed the manor "Ingleside" and founded the Ingleside Mining and Manufacturing Company where he extracted ore, processed it and shipped the finished fertilizer to market on rail cars from a siting near the Woodstock railroad depot. Nothing remains of the original mining operation, except for some bumps or small hills where the mining occurred.
The Ingleside Mining and Manufacturing Company, a 19th-century industrial enterprise, was established in Lincoln County, North Carolina, in the heart of the region’s iron-rich landscape. Its origins trace back to the prominent Forney family, particularly Congressman Daniel Munroe Forney, who constructed the grand Ingleside plantation estate in 1817. The company’s operations were a direct continuation of the region’s early “iron empire,” which heavily relied on local “pig iron” furnaces like the Vesuvius and Mount Welcome forges. These operations capitalized on the vast iron deposits in the “Big Ore Bank” area, positioning the company as a pivotal player in North Carolina’s transition from an agrarian economy to a leading manufacturing state.
During its peak years between 1820 and 1840, the company’s manufacturing output encompassed essential goods such as plows, horseshoes, and tools, as well as munitions for national defense. The Ingleside estate stood as a testament to the wealth generated by these industrial endeavors, showcasing architecture attributed to renowned figures like Ithiel Town or Benjamin Latrobe. However, the company’s dominance began to wane by the mid-1800s as local iron deposits were depleted and competition from higher-quality Northern iron increased. Although some of its works were briefly revived to supply the Confederacy during the Civil War, the enterprise ultimately faded as the region shifted towards residential and agricultural uses.
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.
Ebay ID: labarre_galleries