Montana Railway Co. - Unissued Railroad Stock Certificate - Branch Line of the Northern Pacific RailroadInv# NP1042A Stock
Unissued Stock for the Branch Line of the Northern Pacific Railroad. Butte is a consolidated city-county and the county seat of Silver Bow County, Montana, United States. In 1977, the city and county governments consolidated to form the sole entity of Butte-Silver Bow. The city covers 718 square miles (1,860 km2), and, according to the 2020 census, has a population of 34,494, making it Montana's fifth largest city. It is served by Bert Mooney Airport with airport code BTM. Established in 1864 as a mining camp in the northern Rocky Mountains on the Continental Divide, Butte experienced rapid development in the late-nineteenth century, and was Montana's first major industrial city. In its heyday between the late-nineteenth and early-twentieth centuries, it was one of the largest copper boomtowns in the American West. Employment opportunities in the mines attracted surges of Asian and European immigrants, particularly the Irish; as of 2017, Butte has the largest population of Irish Americans per capita of any city in the United States.
In the late 19th century, copper was in great demand because of new technologies such as electric power that required the use of copper. Three industrial magnates fought for control of Butte's mining wealth. These three "Copper Kings" were William A. Clark, Marcus Daly, and F. Augustus Heinze. The Anaconda Copper Mining Company began in 1881 when Marcus Daly bought a small mine named the Anaconda. He was a part-owner, mine manager and engineer of the Alice, a silver mine in Walkerville, a suburb of Butte. While working in the Alice, he noticed significant quantities of high grade copper ore. Daly obtained permission to inspect nearby workings. After Daly's employers, the Walker Brothers, refused to buy the Anaconda, Daly sold his interest in the Alice and bought it himself. Daly asked George Hearst, San Francisco mining magnate, for additional support. Hearst agreed to buy one-fourth of the new company's stock without visiting the site. While mining the silver left in his mine, huge deposits of copper were soon developed and Daly became a copper magnate. When surrounding silver mines "played out" and closed, Daly quietly bought up the neighboring mines, forming a mining company. Daly built a smelter at Anaconda, Montana (a company town) and connected his smelter to Butte by a railway. Anaconda Company eventually owned all the mines on Butte Hill. Read more at https://en.wikipedia.org/wiki/Butte,_Montana
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.