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Bullfrog Apex Mining and Milling Co. Stock Certificate (101586)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Bullfrog Apex Mining and Milling Co. Stock Certificate  (101586)
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Rare Bullfrog stock! Low number 5, issued in 1905 for one shares to Clay Tallman. Signed by Fagan as secretary and Chas. A. Liddell as president. Not cancelled! Green frog vignette and ornate gold border. Folds, some other light wear. Incorporated on July 1905 in the state of South Dakota by a group of promoters headed by J.J. Fagan and E.L. Andrews, the company promoted itself as the owner of 15 claims, only one of which was ever worked -- the North Bullfrog. There was a problem with the North Bullfrog claim as it intruded into the boundaries of the Delaware claim of the West Extension Company. Though the Apex Company knew about these conflicting boundaries when the North Bullfrog claim was filed, they forged ahead anyway. Work on the Apex ground started in the fall of 1905. In a race for other nearby companies, the Apex encountered encouraging ore values and stock sales were adequate. Confident in their claims, the promoters decided to apply for a patent, which resulted in the West Extension Company to file a lawsuit against Apex. Though the dispute was tied up the courts, both companies continued to develop shafts and tunnels. But, when the Apex Company uncovered a vein of gold assaying $251 to the ton, the question was settled, and the legal battle intensified. With all the news of the legal battles, Apex suffered in the stock market and by May,1906, its stock had fallen completely off the trading board. In the end, the Apex company lost their contest for the disputed ground and soon went out of business. Ken Prag Collection

Date: 1905
City/County: Bullfrog
State: Nevada