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AZ - Tombstone,Cochise County - c1900 - Tombstone Consolidated Mines Company Stock Certificate

Currency:USD Category:Collectibles / Western Americana Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
AZ - Tombstone,Cochise County - c1900 - Tombstone Consolidated Mines Company Stock Certificate
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!!!
Cert No. 4330 signed by E.B. Gage. The company is a consolidation of several dozen mining companies and claims including the Grand Central, Contention, Tombstone Mill & Mining, and others. Some of the mines were discovered in 1878. The company at one time was one of the largest producers of gold-silver-lead ore in the Southwest. The company is the result of the genius of one man, E.B.Gage, a mining engineer who was born in 1839 and came to Arizona in 1877, and who in the following year bought an interest in the Grand Central Mine. Later, he and his associates bought up other mines until they had control of all the Tombstone mines and claims – more than sixty, which he then incorporated them into the Tombstone Consolidated Mines Co, LTD. Then he had a railroad built to the mines. The main problem that the major mines had to overcome was flooding, so the company installed the largest pumps of their kind and were pumping out 2,000,000 gallons of water a day. The company’s demise came in 1911 when wrong fuel oil was fed to the engines; the pumps stalled and the mines flooded. They were unable to raise the necessary capital to re-pump the mines.