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Maryland Mining Company

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Maryland Mining Company
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# 358 for 1 share to D Thomas Sewell. Signed by president Matthew St. Clair Clarke (see below). Dateline Washington 1838. Cut very unevenly. Rips center left and lower left. Fair condition, but very early and very important historically. Not cancelled. The Maryland Mining Company was incorporated in 1828 to mine coal in the Eckhart area. The prototype of all future coal companies in the Georges Creek region, Maryland Mining was eventually permitted by the Legislature to hold up to five thousand acres of land and to build a railroad from its mine to Cumberland. A stock issue of $200,000 was authorized, later increased to one million dollars in 1853. The land was acquired by Matthew St. Clair Clarke, president of the Maryland Mining Company; he did not deed it to the company unitil 1837, after which time Maryland Mining began to acquire property on its own. Mine No. 4, one of the few extant deep mine openings in the Georges Creek Valley, was opened by the Maryland Mining Company shortly after 1835. It and other mines in the immediate area operated more or less continuously for more than a century. The town of Eckhart originated as a company town for the Maryland Mining Company when it opened the Eckhart mine in 1835. Prag Collection City: Eckhart State: Maryland Date: 1838 HWAC# 81607