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Tamarack and Custer Consolidated Mining Co. - Idaho Mining Stock Certificate - Wonderful History

Inv# MS1058   Stock
State(s): Idaho
Nevada
Years: 1910-15
Color: Brown

Mining Stock. Mines in 'Coeur D'Alene', Idaho. Part of name of company is related to George Armstrong Custer who was killed in 1876 at the Little Big Horn battle. Nice!!! The Tamarack & Custer Consolidated Mining Company was incorporated on July 24, 1912, under Nevada law, with an authorized capital stock of 2,000,000 shares at par value of $1.00 each. Tamarack & Custer was formed by the merger of two separate but jointly managed mining companies operating adjacent properties between Tiger Peak and Custer Peak near Gem, Idaho: the Tamarack & Chesapeak Mining Company and the Custer Consolidated Mining Company. Both of these firms were already controlled by the Day interests, whose Hercules mine adjoined the Custer on the east.

The two properties were located such that neither could operate without involving the other in possible boundary disputes; the Days had concluded that ore could not be extracted economically without unified management. Legal disputes over ownership of the Tamarack & Chesapeak claims, which had already kept that mine closed for over three years, delayed consolidation for some years further. Jerome Day was the Tamarack & Custer's president, manager, and treasurer from 1912 until his death in 1941. He was followed in these capacities by Henry Lawrence Day, who had been assistant manager since 1930. Frank Rothrock, Paul Jessup, S.F. Heitfeldt, Wray Farmin, John Wourms, and Eleanor Day Boyce all served for extended periods on the Tamarack & Custer board of directors.

Over $600,000 was invested in development work in the first year after consolidation. World War I brought soaring metal prices and the Tamarack & Custer flourished. Production was centered at the east fork of Nine Mile Canyon around the No. 4 and 5 adits. A tramway system in Burke Canyon carried the ore to the newly purchased Frisco (concentrating) Mill. After a post-war shutdown, lead and zinc ore production increased steadily. New discoveries were made in Tunnel #2 at the 1200 foot level in 1925. Three years later all the equipment was moved to the No. 7, 1200 foot level whose portal faced the Burke Canyon. Losing heavily in the early depression years, by 1937 the mine again returned profits. A new concentrator replaced the burned Frisco Mill and during World War II, despite severe labor and material shortages, the Tamarack & Custer proved a major source of income. With incorporation into Day Mines, Inc., in 1947, Tamarack & Custer stockholders received the largest number of shares, 820,000, in the new conglomerate.

Over the years the Tamarack & Custer Consolidated purchased many nearby mining firms: Snowy Peak Mining Company, a property of Daniel Brien, former president of the Tamarack & Chesapeak, acquired in 1912; Sherman Lead Company, controlled through stock ownership after 1918; Hutton Mining Company, purchased in 1933; the Black Jack mine, purchased from Boyce and Callahan interests in 1937; Puritan Mining Company, purchased in 1939; and the Olympia mine purchased in 1943. Eventually Tamarack & Custer holdings included 90 claims covering over 1,000 acres in the Lelande and Placer Center Districts. Some of these other claims were: Tamarack Fraction, Monroe, Saddle Back, Indus, Crown Point, Tamerlain, Carbon, Fairview, October, Tuesday, Marion, and Hemlock lodes. Depleted in 1957 by then current technology, working of the Tamarack & Custer site was thereafter limited to lessees.

Shoshone County is a county in the U.S. state of Idaho. As of the 2020 census, the population was 13,169. and the largest city is Kellogg. The county was established in 1864, named for the Native American Shoshone tribe.

Shoshone County is commonly referred to as the Silver Valley, due to its century-old mining history. The Silver Valley is famous nationwide for the vast amounts of silver, lead, and zinc mined from it.

This new boundary alignment left the existing settlement at Pierce and the new settlement of Orofino as the county's only settlements. The county's population dwindled as prospectors abandoned Pierce for gold prospects at Elk City and Florence. Idaho Territory was created in 1863 and the first census of the territory in that year enumerated only 574 residents in Shoshone County. The county boundaries were expanded to include the Silver Valley by the legislative assembly of Idaho Territory when it officially created Shoshone County on February 4, 1864. The expanded territory contained no population at the second census of Idaho Territory in 1864. All of the county's 276 residents were located at Pierce and Orofino.

Until 1904, Shoshone County included present-day Clearwater County to the south. That portion was annexed by Nez Perce County for several years and then was established as a new county in 1911. When the Silver Valley population rose dramatically in the 1880s, the seat was moved to Murray in 1884 (and to Wallace in 1898) to better serve the majority of the county's population. The southern area's population increased with homesteading in the Weippe area in the late 1890s. The vast distance and time required for travel to Wallace from the Clearwater River area prompted the southern portion to move to Nez Perce County.

Hard rock miners in Shoshone County protested wage cuts with a strike in 1892. After several lost their lives in a shooting war provoked by discovery of a company spy, the U.S. army forced an end to the strike. Hostilities erupted once again in 1899 when, in response to the company firing seventeen men for joining the union, the miners dynamited the Bunker Hill & Sullivan mill. Again, lives were lost, and the U.S. Army intervened, requested by Governor Frank Steunenberg, as the Idaho National Guard troops were still stationed in the Philippines following the Spanish–American War. Steunenberg was assassinated outside his residence in Caldwell in 1905, nearly five years after leaving office, and the subsequent trials in Boise in 1907 made national headlines.

Much of the county was burned in the Great Fire of 1910, including part of the town of Wallace.

In September 1915, the Northport Smelting and Refining Co. was purchased by the Hercules Mining Co. and the Tamarack and Custer Consolidated Mining Co. The smelter was renovated to treat lead ores, and began operations March 12, 1916. Read more at https://en.wikipedia.org/wiki/Northport,_Washington

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Condition: Excellent

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.
Price: $55.00