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Newark Silver Mining Co. - 1878 dated Nevada Mining Stock Certificate - Repaired Certificate

Inv# MS3531   Stock
State(s): Nevada
Years: 1878
Color: Green and Black

Stock printed by G.T. Brown & Co., S.F. Repaired. The mining activities in the Ely Mining District, Nevada, are closely tied to the history of Pioche and Ely, two significant mining towns in the region. The area around Pioche, Nevada, was first settled in 1864 when a silver mine was opened. However, early settlers abandoned the area due to a series of raids and massacres by local Indian tribes. The area was recolonized in 1868 after the raids subsided, and in 1869, François Pioche purchased the town. By the early 1870s, Pioche had grown into one of the most important silver-mining towns in Nevada, known for its rough reputation due to its remoteness, which had earlier allowed the Indian raids to occur.

In 1878, J. W. Long, a resident of Vermont, arrived in White Pine County and established a camp named "Ely" after discovering gold. The name "Ely" is attributed to several possible origins: Long's hometown of Ely, Vermont; a New York Congressman named Ely who was believed to have sent Long as a representative; Smith Ely, a Vermont native who financed early mining operations; and John Ely, an Illinois native who came to Nevada for mining. Ely began as a stagecoach station along the Pony Express and the Central Overland Route.

Its mining boom came later than other towns along US 50, triggered by the discovery of copper in 1906. This transformed Ely into a mining town, which experienced the typical boom-and-bust cycles common in the American West. The town became home to several copper mining companies, most notably Kennecott Utah Copper. However, in the mid-1970s, a crash in the copper market led to Kennecott's shutdown, causing a temporary halt to copper mining in the area.

Condition: Good

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.

Item ordered may not be exact piece shown. All original and authentic.
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