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Mid East Coast Coal Stocks, 4 [173260]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:275.00 USD Estimated At:700.00 - 1,000.00 USD
Mid East Coast Coal Stocks, 4 [173260]
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4 East coast coal mining stocks. 1866 issued National Coal Mining, Virginia, with brown revenue stamps and underground vignette, light brown toning. 1865 issued Consumers Union Coal, Maryland, with brown revenue stamp and canal barge and train vignette. 1867 issued Emory Iron & Coal Mining, Tennessee, with brown revenue stamp and canal barge and train vignette. Bond, 1840 issued Maryland & New York Iron and Coal with 12 coupons. Train and canal barge vignettes. "The history of coal mining in the United States starts with the first commercial use in 1701, within the Manakin-Sabot area of Richmond, Virginia. Coal was the dominant power source in the late 1800s and early 1900s, and although in rapid decline it remains a significant source of energy in 2023. Coal became the largest source of energy in the 1880s, when it overtook wood, and remained the largest source until the early 1950s, when coal was exceeded by petroleum. Coal provided more than half of the nation's energy from the 1880s to the 1940s, and from 1906 to 1920 provided more than three-quarters of US energy. Anthracite (or "hard" coal) exploitation began before the War of 1812 spurred by the interest and opportunism of the Wurt brothers of Philadelphia. Burning clean and smokeless, anthracite became the preferred fuel in cities, replacing wood by about 1850, the same pattern seen in Europe. The East became deforested, driving up price of fuel wood. Anthracite from the Northeastern Pennsylvania Coal Region and later from West Virginia was valued for household use because it burns cleanly with little ash. It was also used in the early foundries of Philadelphia, New York, Newark and Allentown. The rich Pennsylvania anthracite fields were close to the big eastern cities, and nearly every major railroad in the Eastern United States such as the Reading Railroad, Lehigh & Erie, Central Railroad of New Jersey, Pennsylvania Railroad and Delaware and Hudson Railroad, extended lines into the anthracite fields. Many railroads began as mining company shortline railroads. By 1840, annual hard coal output had passed the million-short ton mark, and then quadrupled by 1850, and as it grew it pushed railroad construction, mining and steel production in a synergistic symbiosis." from wikipedia