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NV - Bullfrog,Nye County - 1913 - Pioneer Yellowjacket Mining Company Receipt - Clint Maish Collecti

Currency:USD Category:Collectibles / Western Americana Start Price:50.00 USD Estimated At:100.00 - 150.00 USD
NV - Bullfrog,Nye County - 1913 - Pioneer Yellowjacket Mining Company Receipt - Clint Maish Collecti
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 1909. Issued to M.E.L. Haven on September 5, 1913 for 500 shares. Signed by T. Frank Turner, President, and Jos. D. O’Neill, Secretary. 9" x 7”. This is a pool receipt for promotion stock in the mine. A pool stock is when “two or more people pool their money together to invest in stocks and bonds. Usually it is a larger group which takes advantage of the knowledge and expertise of several people, thereby theoretically profiting by that added competence. They often meet periodically to review their investments and make investment decisions.” [REF: http://answers.yahoo.com/question/index?qid=20080107152500AAcGmi4]. Stated on this certificate the holder of this receipt agrees to let the mining company stay in the pool until the majority stockholders meet and dissolve the pool. At that point stock may be issued. Not to be confused with the Yellowjacket mine in Virginia City, there is no specific information on this mine except that it was incorporated in 1909.