Pocahontas Consolidated Collieries Co., Inc. - 1907-1919 dated Virginia Coal Mining Stock Certificate
Inv# MS1046 Stock
Stock printed by American Bank Note Company, New York. Available in Green or Orange. Please specify color.
The Pocahontas Fuel Company Store was a significant historic building situated in Switchback, McDowell County, West Virginia. Designed by architect Alex B. Mahood, it was constructed in 1917. This two-story brick structure included a one-story wing that accommodated the business office. It featured a flat roof, was elevated on a high stone foundation, and exhibited Neoclassical architectural details. The building was adorned with a brick cornice, a concrete parapet, and a concrete entablature embellished with dentils. Pocahontas Fuel Company Incorporated The southern coal fields of West Virginia were not developed until approximately 1870, despite being recognized much earlier. A prominent southern coal field was the Flat Top-Pocahontas Field, primarily located in Mercer and McDowell counties. The Flat Top Field commenced coal shipments in 1883 and experienced rapid growth thereafter. Operations were consolidated into larger companies, and the Pocahontas Fuel Company, established in 1907, quickly became the leading company in McDowell County. Pocahontas Consolidated Collieries Company Beginning April 1st, 1911, the fuel requirements of the Isthmian Canal Commission and the Panama Railroad were predominantly met through a contract with the original Pocahontas coal produced by the Pocahontas Consolidated Collieries Company, Incorporated, along with a few other coal mining operators in the Pocahontas and New River fields of Virginia and West Virginia.
Contracts for the provision of over half a million tons annually for the canal project were granted to the Pocahontas Fuel Company, located in New York City, which serves as the selling agent for the original Pocahontas producers. The initial contract was established for a duration of one year starting from April 1st, 1911, and due to the high level of satisfaction, a subsequent contract was awarded on April 1st, 1912, covering the entire estimated timeframe for the canal's completion, specifically until October 1st, 1914. The coal producers take pride in the fact that their fuel played a significant role in the impressive construction achievements at Panama. Pocahontas coal is extracted from a geographically limited region in southwestern Virginia and southeastern West Virginia, where there remains over a billion tons of this coal available for extraction. Mining operations began at the renowned Pocahontas Baby Mine, which continues to operate, in 1882, and since then, the establishment of new collieries has progressed steadily, leading to nearly the entire Pocahontas field being actively mined. The Pocahontas Consolidated Collieries Company alone operates nineteen mines, contributing nearly thirty percent of all Pocahontas coal sold in the market. The company's leadership includes Isaac T. Mann as president; Charles S. Thorne as first vice-president; Jenkin Jones as second vice-president; James Ellwood Jones as general manager; and George W. Woodruff as secretary and general counsel.
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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