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Tombstone Mill and Mining Company Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 400.00 USD
Tombstone Mill and Mining Company Stock Certificate
SOLD
160.00USD+ (40.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 16 @ 15:06UTC-7 : PDT/MST
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Number 344 for 50 shares to JA Witmer. Signed by Curbin, Gilroy and Burnham. 1881. Vignette in upper right corner of 3 Indians on a cliff overlooking a train below; the left corner has scene of an Indian seated, bow over his shoulder. Narrow margin on pale green paper. Two small nicks at fold edges and one dog ear. Excellent condition overall.

Mine located in Tombstone, Cochise County, Arizona. Ed Schieffelin discovered rich silver ore in 1877 at what is now known as Tombstone. By 1878 a stamp mill was operating and the company was processing 15-20 tons of are a day, turning out $90,000 worth of bullion. In 1881 the Corbin mill, named in honor of the treasurer of the company, was operating. It became the property of TM&MC. In 1879 Governor A.P.K. Safford visited the camp and together with Frank Corbin on New Britain, Connecticut, he organized the Tombstone Mill & Mining Company and commissioned Richard K. Gird to erect a stamp and amalgamating mill, which was completed in 1879. In March 1880 the Schieffelin interest in the TM&MC was bought out by a syndicate consisting of the Corbin brothers and others. By 1881 the town had a population of 3,000, two daily newspapers, two banks, and many stores and saloons. Burchard (1883) states that the Tombstone Mill & Mining Company, which comprises the Tough Nut, Good Enough, Lucky Cuss, D tense, Survey, Tribute, West Side, East Side, No.2, Owl's Nest, and Owl's Nest Last Hoot mines, and two mills located at Charleston, with a 30 stamp capacity It was one of the largest mining properties in the Territory. Its bullion output for the year was $840,000 (Refs: Blake, W.P. (1902) Tombstone and Its Mines. Butler, B.S. Geology and Ore Deposits of Tombstone: 41,44,45. Williams, S.A. (1980) "The Tombstone Mining Distric [in the Mineralogical Record, Vol. 11, No.4, July-Aug 1980. (Arizona II issue): 251-257. Barnes, "Arizona Place Names"; Burchard (1883) Precious Metals in the United States: 278.) (Laguna Collection) Date: 1881 Location: Tombstone, Arizona HWAC# 59682