2393

Casa Grande Mining & Smelting Co. Stock Certificate Pair (106921)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 400.00 USD
Casa Grande Mining & Smelting Co. Stock Certificate Pair  (106921)
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Lot of 2 different. Rare. 1) No. 2494, issued for 50 shares to Frank Hawes in 1903. Signed by president Geo. Jacoby and the treasurer Douglas. Not cancelled. Red border, black print, and two vignettes: elk and mountains. New York Bank Note Co. Pinholes, folds, some toning/soiling. 2) No. C246, issued for 500 shares to Hawes in 1903. Not cancelled. Same corporate signatures as other. Orange border and seal, black print, and patriotic vignette. Deep folds, pinholes, some soiling. This company was a swindle perpetuated by Douglas, Lacy & Co. The 1904 Mines Register states the office is at 66 Broadway in New York. The mine office was in Casa Grande. It was organized on June 14, 1902. F. W. Pope, president; J. Douglass Taitt, secretary; H. H. Douglas, treasurer. The company had 165 acres 26 mile south of Casa Grande. The mine shows the main shaft at 150'. Claims show 15,000 tons of 8% to 12% copper, which is probably overstated ['Mines Register' words not ours]. Company is said to contemplate erection of a water jacket smelter. The report ends with, "This is a Douglass-Lacey promotion, and prospectus is filled with misleading statements!"

Provenance: Ken Prag Collection
Country (if not USA):
State: Arizona
City/County: Pinal County
Date: 1903