BLACK DIAMOND GOLD MINING Stock 1893 Victor, Teller Co., CO. F.G. Peck RARE VF++

Description

Black Diamond Gold Mining Company
. Stock issued June 26,
1893 at Colorado Springs, Colorado. Incorporated in the State of Colorado
. Embossed company deal lower left. Certificate
No. 214
was issued to
Albert Godert
for 100 shares of capital stock ( per share). Company capital was
,000,000
. Hand signed by company vice
president R. Hillhouse
and
secretary Frank G. Peck (and mine co-owner, see bio below)
. Certificate is about 6.5” x 9.” Black print with gray underprint on cream-colored paper.
The Black Diamond Mining Company owned the Black Diamond Mine on Battle Mountain in Teller County, Colorado, about ½ mile north of the mining town of Victor and three miles southeast of Cripple Creek. The Black Diamond Mine was owned by Frank Peck and J. R. McKinnie (see bios below). Peck and others helped finance A. E. Carlton’s Roosevelt Tunnel to drain water from some of the mines, allowing mining to continue to greater depths. In 1893, Peck and McKinnie gave the Black Diamond Mine to the owners of the Portland Gold Mining Company, one of the most successful companies in the district, in exchange for stock, making both men very wealthy.
Frank G. Peck (1862 – 1926)
moved to
Colorado Springs in 1872 and later owned a cigar store
. His interest in mining began when he
started prospecting in the San Juan Mountains
. Later,
in Leadville, like so many others, he owned and sold mining property before its true value was realized
. Peck
owned several groups of claims that he never fully developed such as the Ingleside Group and the Robinson Group, that were later found to be highly profitable
. Eventually he
turned to the brokerage business and began investing in other profitable mines such as the Portland Mining Company in Teller County.
J.R. Mckinnie
also had a fascinating life. In his early years he
fought for the Union in the Civil War, hunted buffalo, and gained valuable mining experience in the San Juan Mountains in southwest Colorado
. McKinnie moved to Colorado Springs and began
hauling freight to Cripple Creek and got the mining bug again. With R. P. Davie he entered the real estate business and in 1891 located the Gold King lode, New Moon, Anchor and Mount Rosa Placer claims near Cripple Creek
.
Together McKinnie and Peck purchased the Black Diamond claim from Bill Fernay in 1892 for 0. Over the next two years they made ,000 profit from the mine's 100 foot shaft. That profit enabled them to buy into the Portland Mine from which they received regular quarterly payments and became wealthy.
Condition:  Very Fine++
, light folds, minor creasing, no tears, minor signs of wear/handling/toning (see photos), red ink cancelled.
Printer:
(none noted)
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