George A. Treadwell Mining Company Stock

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
George A. Treadwell Mining Company Stock
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Cert. #8433, issued at New York in 1906 to G.J. Pryor for 100 shares. Signed by George A. Treadwell as president and Myra B. Martin as secretary. Stevens, of the Copper Handbook, does not mince words with his description and write up of this company in the 1908 volume. His choice of words and style is far too perfect not to paraphrase in quotes. "Controls the Brookshire Mining Co through 80% stock ownership. Has upwards of 2,000 shareholders, of whom 1440, in August, 1907, were holders of 50 shares or less, more than half being women, duped by this gang of thieves. Practically all of the company's statements regarding rich ores and large ore bodies are fairy tales. The Boggs mine, which is idle, is held subject to a mortgage of $150,150.40 which will never be paid. Buildings include; an office building put up on lands not owned, and not even leased, which is a fair sample of the business methods of the company. The company has three smelters, two worthless and one unnecessary. A hydrocarbon smelter, designed to burn petroleum and turn out blister copper from ore by a single fusion, was built at Arizona City, on the advice of Geo. A. Treadwell, a doddering old scientist who was used as a stalking-horse by the company, and proved a ridiculous failure, though the company sold considerable stock on the strength of its alleged revolution of existing processes. The company's various smelters cost $158,893.12, according to the company's books, but the accounts were kept so crookedly and by such unmitigated scoundrels that it is impossible to say what is to be believed. The George A. Treadwell Mining Co. is a deliberate and intentional fraud, conceived in iniquity and born in sin, promoted by the late Gen.Walter S. Logan, a notorious shyster lawyer of New York, who is said to have left an estate of $500,000, accumulated by all sorts of rascalities. Everybody connected with the company in an executive capacity in its palmy days of swindling was either a fool or a rascal. The management has not hesitated at any lie that seemed convenient or likely to prove profitable, and its financial statements were deliberately false, while the advertisements, put out over the name of Myra Martin, were colossal lies. A complete exposition of the rottenness of the company would require several pages, which can be devoted to better use, and the property is dismissed with the statement that the company is a swindle of the first magnitude, without a single redeeming feature. Idle and should be wound up, after the principals are imprisoned. (Copper Handbook, 1908, p.711-712). Unc.Very Fine.City: VerdeCounty: YavapaiState: AZDate: 1906