Silver Dale Mining Co. - Las Vegas, Nevada - 1921-1924 dated Mining Stock Certificate
Inv# MS3491 Stock
Stock printed by A. Carlisle & Co., S.F. Small size stock measures 9 3/4" x 5 1/2". Las Vegas, Nevada was established in 1905 following the opening of a railroad connecting Los Angeles and Salt Lake City. The new stopover attracted farmers, primarily from Utah, and fresh water was piped into the area. In 1911, Las Vegas was incorporated as part of the newly formed Clark County. The city experienced significant urbanization in 1931 with the construction of the Boulder Dam (now the Hoover Dam), which led to an influx of young male workers. To accommodate them, theaters and casinos were developed, largely financed by the Mafia. The electricity generated by the dam also facilitated the construction of numerous new hotels along the Strip. The arrival of Howard Hughes in 1966 played a key role in reducing mob influence and transforming Las Vegas into a family-friendly tourist destination, now known as a Mega resort.
The name "Las Vegas" was given to the area in 1829 by Rafael Rivera, a member of Spanish explorer Antonio Armijo's trading party. They stopped for water at the site on the Old Spanish Trail from New Mexico. At that time, the valley was dotted with artesian wells and lush green areas; "Las Vegas" means "the meadows" in Spanish. The wells fed into the Las Vegas Wash, which flows to the Colorado River.
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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