Sterling Mines and Tunnel Co. - 1905 dated $500 Colorado Mining Bond
Inv# MB5141 Bond
$500 7% Gold Bond printed by Broun-Green co., N.Y. Some coupons remain. Gold mining in Colorado, a state of the United States, has been an industry since 1858. It also played a key role in the establishment of the state of Colorado. Explorer Zebulon Pike heard a report of gold in South Park, present-day Park County, Colorado, in 1807. Gold discoveries in Colorado began around Denver; prospectors traced the placer gold to its source in the mountains west of Denver, then followed the Colorado Mineral Belt in a southwest direction across the state to its terminus in the San Juan Mountains. The Cripple Creek district, far from the mineral belt, was one of the last gold districts to be discovered and is still in production. Read more at https://en.wikipedia.org/wiki/Gold_mining_in_Colorado
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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