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Emerald Mining Company Stock Certificate: EB Gage Signature

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:120.00 USD Estimated At:240.00 - 400.00 USD
Emerald Mining Company Stock Certificate: EB Gage Signature
SOLD
475.00USD+ (118.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 16 @ 15:09UTC-7 : PDT/MST
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This nice looking emerald on white stock is number 63 for 1000 shares issued to E. B. (Eliphalet Butler) Gage. Little is known about the Emerald Mining Company which was incorporated on March 22, 1882, but E. B. Gage, to whom the stock certificate was issued, was a superintendent of the Grand Central Mining Company, prominent entrepreneur, and developer of Tombstone Consolidated Mines in 1901. He was a prominent mining engineer and entrepreneur and was one of the notable Tombstone residents from the early days of the towns mining boom. He was primarily responsible for the second boom in 1886 when he discovered a way to rid the mines of the flooding which ended much of the town's success in 1881. Gage also helped transform Tempe from a sleepy rural village and organized the Tempe Land and Improvement Company. He acquired a total of 705 acres of land from Charles T. Hayden and from the Mormon settlers who had relocated in Mesa. The firm surveyed and laid out the property in blocks and lots for sale. A real estate firm was engaged to promote the sale of land. Advertising pamphlets and a colorful view map by C. J. Dyer were prepared to enhance the prospects of settlers and investors. As a mining developer, Gage incorporated the Tombstone Consolidated Mines Company, Ltd., in June 1901. The objective of the company was to purchase most of the independent mines in the area and merge them into a large-scale operation. Having been part of the original mining boom in Tombstone, Gage was familiar with the deficiencies of Tombstone's previous mining ventures. He also knew a railroad line was needed for his new company to achieve its goals. Fortunately, the El Paso & Southwestern was receptive. Gage also involved himself outside of mining. In 1882, after the gunfight at the O. K. Corral, Gage sent $1,000 to Wyatt Earp and his posse, supplemented by additional money and horses supplied by Wells, Fargo & Company. In 1884, a labor dispute got ugly with miners threatening to lynch Gage. Legend has it that local hotelier, prospector, and angel of mercy Nell Cashman spirited him away to safety in a buggy, although Grand Central Mining Company foreman Charles Lynch is credited with keeping the lid on things. This certificate is printed in green and, although it does not have any vignettes, the lettering and the mining company name is highly decorated. The certificate is in excellent condition. It is certificate No. 63 for 1,000 shares issued June 5th, 1883. It is signed by both the secretary, and the president of the company, John Haynes. (Laguna Collection) Date: 1883 Location: Tombstone, Arizona HWAC# 59680