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Tallapoosa Land, Mining & Mfg. Co. Stock Certificate (56930)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:60.00 USD Estimated At:120.00 - 300.00 USD
Tallapoosa Land, Mining & Mfg. Co. Stock Certificate  (56930)
SOLD
90.00USD+ (22.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Jan 27 @ 08:05UTC-8 : PST/AKDT
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Issued to Caleb B. Starbuck in1888. Number 3266 for 30 shares. Signed by JH Summer, et al (not Spencer). Mining Vignette. Condition: A few pinholes. No other edge issues, staining, rips or tears. Stamped "Property Dividend Paid, Declared Oct. 31st, 1890." Although this company was incorporated to take advantage fo the mining in the area, its real importance lie with grapes! "One of the numerous northern visitors to the county was Ralph L. Spencer, a Connecticut land speculator and entrepreneur who established the Tallapoosa Land Mining and Manufacturing Company in 1887. Spencer organized Tallapoosa's first municipal electric light company, water works company, and athletic association. He also was a prime investor in a glassware factory in town. When mining waned, Spencer embarked on what may have been his most interesting endeavor - the establishment of a planned community for the purpose of wine making. He invited some of Pennsylvania's Hungarian immigrants to leave their mining jobs and relocate to 2,000 acres near Tallapoosa, where they could produce wine. Led by their priest, Father Francis Janishek, 200 families accepted Spencer's invitation. They planted vineyards and established wineries in the community they named 'Budapest'." [New Georgia Encyclopedia online] State: Georgia City: Tallapoosa Date: 1888