Nixon-Nevada Mining Co. - Stock CertificateInv# MS2908 Stock
Stock printed by American Bank Note Company, New York.
Empire is an unincorporated community and census-designated place (CDP) in Washoe County, Nevada, with a population estimated at 65 (2021). It is part of the Reno–Sparks Metropolitan Statistical Area; before the 2010 census, it was part of the Gerlach–Empire census-designated place. The nearest town, Nixon, is 60 miles (97 km) to the south on a reservation owned by the Pyramid Lake Paiute Tribe.
For 63 years, from 1948 to 2011, Empire was a company town of the US Gypsum Corporation, a manufacturer of gypsum based construction sheetrock, and once had a population of more than 750 people. US Gypsum closed the mine and the town in 2011; the mine and town were bought in 2016 by the Empire Mining Company (EMC), a manufacturer of gypsum based agricultural and construction additives. In 2016, the town again became a company town under the new auspices of EMC. Since that date both the town and the mine have been partially reopened by the new owners.
In 1907, Alex Ranson discovered gypsum near what later became Empire. In late 1909, Alex Ranson, Nick Curnow, E. H. Cowles and James Raser filed a patent for a selenite placer mining claim. In 1911, the mine was sold to unnamed buyers, rumored to be the plaster or gypsum trust from the eastern U.S. The sale was for between $50,000 (equivalent to $1,390,000 in 2020) and $100,000 (equivalent to $2,780,000 in 2020). In 1922, the Pacific Portland Cement company started construction of a mill at what is now known as Empire. In 1924, the Pacific Portland Cement company completed the move of their mill to the current location of Empire from a location near Mound House, Nevada near what was then known as Empire and the Carson River mills. The company called the new plant Empire. U.S. Gypsum bought the town in 1948. Empire reached a maximum population of 750 in the early 1960s.
Amid a slump in the construction industry, the gypsum plant in Empire closed its doors on January 31, 2011, eliminating 95 jobs. Residents with children were allowed to continue inhabiting their company homes through June 20, 2011, the end of the school year. After that date, Empire had empty homes and a large shuttered plant that made it seem almost like a ghost town. The ZIP Code, 89405, was also discontinued. During the years that the mill and town were both closed (2011 - 2016), U.S. Gypsum first erected a large fence around the entire town and plant complex; it then retained two employees to patrol and maintain the property. It also brought two llamas onto the property in order to keep the grass trimmed.
In mid-2016, U.S. Gypsum sold the town and the mine to the Empire Mining Company, thus workers began to move back into the town to work under the new mine owners. Since 2016, both the mine and the town have been partially reopened by the new owners of the mine, with a total population of 65 (2021).
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.