Breece Mining Co. of Leadville, Colorado, Stock Certificate, 1913

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Breece Mining Co. of Leadville, Colorado, Stock Certificate, 1913
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Inc. in New York. No. 5618, issued for 100 shares on May 23rd, 1913. Signed by the vice-president and secretary. Not cancelled. Underground mining vignette. Pinholes, very fine. The original company was incorporated in 1879 in Colorado. Carl Swift says legend has it that S. D. Breece climbed a hill just west of the Weston fault and east of Adelaide Park and located four claims in 1875. The most famous was his iron claim called Breece lron. The hill was named after Breece, and it made him very wealthy for the few remaining months of his life. The mine was unique for two reasons. It was the only open pit mine of note in the district and it was an iron mine. There was a tremendous market in the area for iron as a flux material in the smelting of gold and silver. The Breece iron mine produced about 75 tons per day and employed about 50 men. It made from $7.00 to $22.00 per ton at an operating cost of fifty cents per ton. The Breece Iron Mine was sold to C.R. Bissel in the summer of 1879 for $76,000. Not long after Bissel bought the property production was reduced due to competition from the Fryer Hill mines which also produced gold and silver. Later the Breece Iron mine had a rebirth as part of the Penn group. The “vein contained hematite iron almost free of silica, phosphorous, or sulphur” [Ref: Corregan and Lingane, Colorado Mining Directory, 1883]. (Al Adams Gold Rush Memorabilia Collection) Date: Location: Leadville, Colorado HWAC# 58534