PAYMASTER COPPER MINING CO Stock 1901 Grand Encampment, Carbon Co, WY Issue K+

Description

The Paymaster Copper Mining Company. Stock issued July 5, 1901 at Grand Encampment, Wyoming. Incorporated in 1900 in the State of Wyoming
.
Revenue stamps
affixed upper left edge. Gold embossed company seal lower left. Certificate
No. 196
was issued to
Frank B. Augell for 5,715 shares
of capital stock ( per share). Company capital was
,000,000
. Hand signed by company
president B. McCaffery
and secretary. Certificate is about 8” 10.” Black print with brown borders and underprint. Mining vignette.
The mining town of Grand Encampment, Wyoming (in Carbon County along the Colorado-Wyoming border) was, at the turn of the twentieth century, a booming center of copper mining and smelting. At one point a sixteen-mile tramway was built to carry copper ore from the mountains into the town for smelting. This steam powered tramway was, at the time, the longest in the world. A sharp drop in copper prices and disastrous fires drove the mining company into bankruptcy. Mining operations ceased in the early twentieth century.
Condition:  Very Fine
, two vertical folds, minor creasing, no tears, minor-moderate signs of wear/handling/toning (see photos),
uncancelled.
Printer:
(none noted)
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