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Early Penobscot & Snowdrift Consolidated Mining Company Stock, Marysville, Montana [123880]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Early Penobscot & Snowdrift Consolidated Mining Company Stock, Marysville, Montana  [123880]
SHIPPING & HANDLING: Shipping is subject to a minimum charge of $19.00. Shipping and handling cannot be estimated prior to invoicing as it is based on the size and weight of your purchase. Additional shipping and handling costs, if required, will be re-invoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size.SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size a...
# 1073 for 50 shares to Jacob Hiener(?). Signed by RH Rickard and Spencer Trask vice president. Dateline New York, March 12, 1879. Miners moving ore buckets up and down a shaft by hand vignette. Printed by Lawrence of New York. Registered stamp center right. Light folding lower right corner. Otherwise extremely nice. "The historic name of the Marysville mining district is the Ottawa mining district. The only town in the region, Marysville, is about 18 miles northwest of Helena. The Belmont mine and 20-stamp mill was sold to the Penobscott & Snowdrift Consolidated Mining Company around 1878. The mill featured shaking copper plates in addition to stationary plates. These were attached to the four Frue vanners. These vanners were invented by William Frue, who controlled the Penobscott company. From December of 1878 to April of 1880, the mine produced $104,238 in bullion. The ore yielded from $8 to $20 per ton while expenses were about $6.50. The company enlarged the capacity of the mill to 30-stamps in 1881. That same year a fire and explosion resulted in the loss of six miner's lives. The mill continued to operate until 1885." [Montana Department of Environmental Quaility]

Date: 1879
Country (if not USA):
State: Montana
City: Marysville
Provenance: Stuart Mackenzie Montana Mining Collection