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AZ - Tombstone,Cochise County - 188/1 - Tombstone Mill and Mining Company Stock Certificate*Territo

Currency:USD Category:Collectibles / Western Americana Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
AZ - Tombstone,Cochise County - 188/1 - Tombstone Mill and Mining Company Stock Certificate*Territo
Session D is a Mail-Bid Only Auction. Absentee bids will be accepted only. No live bidding will be allowed. All winners will be contacted after the auction. BIDDING ENDS MONDAY JUNE 27 AT 5PM PACIFIC TIME!!!
Incorporated in Connecticut in 1880. Cert. #A960 issued to Mrs. S.J. M. Black for 600 shares in 1881. Signed by George Burnham as president and J.S. Corbin as secretary. Two vignettes of Native Americans, one where they are overlooking a train in the valley below. U/C. Black border and tan safety print. Printer: American BNC, New York. 7 x 11.” This was one of the largest companies to operate in Tombstone. They generally were second in production each year just behind the Grand Central MC. In 1884 their production was $435,000. They continued as a steady producer. The Tombstone M&M Co. was the third company to incorporate in Tombstone, according to James Tenney in his 1929 History of Mining of Arizona. It is the result of a partnership in location on the Grand Central Claim which was split into two parts, the other named the Contention. The Gird and Schieffelin interests were purchased in March 1880 for “$600,000 by a syndicate of eastern capitalists consisting of the Corbin Brothers of Oil City, PA and Simons and Squiers of Boston.” The new company, now including the Corbin Mill and Mining Co., kept the Tombstone Mill and Mining Co. name. They encountered water in their shaft at the 560’ level in 1881 and brought the equipment from their mills at Charleston to Tombstone for a large mill built near the mine. They later purchased the Girard Mill, the first mill built in Tombstone, which operated on water pumped from the Girard mine. The Company owned the Tough Nut, Lucky Cuss, West Side, East Side, Good Enough, Survey, Defense, Owl’s Nest, Tribute, East Side No. 2, and Owl’s Last Hoot claims. This went on to become the top producing company in the history of Tombstone. From 1879 to 1896 they produced more than $10.5 million in silver, gold and lead, about 40% of the total output of Tombstone through 1901, but only paid $1.2 million in dividends during the period 1880-1884. The mine was closed for a year in 1889 with the rapid fall in the price of silver, which dropped from $1.15 to $0.94 per ounce over 9 years; then the bottom fell out by 1894 when it dropped to $0.63 per ounce. In 1901 Gage reorganized all of the important producing companies at Tombstone into the Tombstone Consolidated Mines Co. This certificate is signed by one of the Corbins as Treasurer.
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