Model Gold Mining Co. - 1901 dated Territory of Arizona Mining Stock Certificate
Inv# MS2766 Stock
Illinois
Stock printed by Goes. Yavapai. Big Bug. Incorporated in the Territory of Arizona in 1900. The company owned the McCabe mine in the Chapparal section of the Big Bug district. In 1904, Frank Jager and another officer of the company were arrested for fraudulent use of the mails. Jager promoted a long list of mining and oil companies of which only the Model Gold was of any value. It is the contention of the government that while the McCabe mine of the Model Company may be and probably is of value, stock has been sold under fraudulent representations, and that false financial statements were made to stockholders. The company sold stock and simultaneously paid dividends with usual disastrous results. By 1906, the company had removed Jager from the management and the property and company was viewed with exceptional promise.
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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