Mohawk Mining Co. - 1912-1929 dated Michigan Mining Stock Certificate - Beautiful Indian Vignette

Stock printed by John A. Lowell Bank Note Co. Boston. The Mohawk Mining Company, a prominent copper mining enterprise located in Michigan's Keweenaw Peninsula, was founded in November 1898 and operated until 1932. During its tenure from 1906 to 1932, the company distributed over $15 million in dividends to its shareholders. It is particularly renowned for the significant quantities of mohawkite discovered on its premises. The mine continued operations until 1932, after which it was acquired by the Copper Range Company in 1934. Initially, the site was deemed too far east to yield valuable ore deposits. The potential for mining was first recognized in 1896 when lumberman Ernest Koch uncovered copper in the area. Following this discovery, Joseph E. Gay conducted a successful exploration for copper on the property in 1898, leading to the establishment of the company that November, with John Stanton serving as president. Shares were initially priced at $7.50, and by the close of 1899, the company had attracted 594 individual stockholders. Construction on the site commenced in 1899 after the company secured $7,517.50 in funding. The initial development included the excavation of Shafts No. 1, No. 2, and No. 3, each featuring three compartments, two skiproads, and a dedicated pipe and ladder way compartment. Shaft No. 2 was equipped with an 8-drill air compressor, while Shaft No. 3 housed a 25-drill air compressor, both manufactured by Ingersoll Sergeant and utilizing Rand drills for underground operations. A fourth shaft was added in 1901.