Vulcan Mining Co. of New Jersey - Mines in Iron Mountain, Moniminee Range, Michigan - Stock Certificate (Uncanceled)
Inv# MS1076 Stock
Stock. Uncanceled. Triple vignette plus early vignette of blacksmith and another of farm tools. Superb! Very Important Stock to add to any collection!
Mines in Iron Mountain, Moniminee Range, Michigan.
Signed by Orren Hutchinson and William Clark, Trustees, and R. H. Shannon Secretary. Three vignettes along left edge of allegorical women, each with different animals. Vignette at top center of a seated man with a wrap around his waist. Small vignette at center bottom of farm tools. Black border and print. U/C. Printer - Engd by J. Meignelle, NY. Measures 8 1/2" x 5". The Vulcan Mining Co is listed as obsolete in the Mines Handbook, 1918. It notes, "Operated, 1848, on War Dept. lease No. 98, in Ontonagon Co, Mich." Lawton (1888, p. 94-98) describes two mines with the name Vulcan located in the Menominee Range. However, from his write-ups, it appears production in this district did not begin until the late 1870's. (From Holabird)
Iron Mountain is a city in the U.S. state of Michigan. The population was 7,624 at the 2010 census. It is the county seat of Dickinson County, in the state's Upper Peninsula. Iron Mountain was named for the valuable iron ore found in the vicinity.
Iron Mountain is the principal city of the Iron Mountain, MI-WI Micropolitan Statistical Area, which includes all of Dickinson County, Michigan and Florence County in Wisconsin.
Iron Mountain hosts a few points of interest such as the Millie Hill bat cave, The Cornish Pump, and is located adjacent to Pine Mountain ski jump/ski resort, one of the largest artificial ski jumps in the world. It shares Woodward Avenue with the neighboring town, Kingsford. In addition, Iron Mountain is known for its pasties, Bocce Ball Tournaments, World Cup Ski Jumps, and Italian cuisine. Iron Mountain was also named a "Michigan Main Street" community by Michigan Governor Jennifer Granholm in 2006. It is one of only thirteen such communities in the State of Michigan in 2008. It is also the hometown of Michigan State University men's basketball coach Tom Izzo and former NFL head coach Steve Mariucci.
Iron Mountain is located within the Menominee Iron-Bearing District, which covers southern Dickinson County and extends westward into Iron County. Iron ore was discovered in Dickinson County in 1849 and Iron County in 1851. Ore is produced from the middle Precambrian Vulcan Iron-Formation around Iron Mountain, and the Riverton Iron-Formation between Iron River, Michigan and Crystal Falls, Michigan. Both formations belong to the Marquette Range Supergroup. The Vulcan is between 300 and 800 feet thick and consists of hematite and magnetite with quartz, while the Riverton is 100–600 feet thick and consists of siderite and chert.
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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