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1929 Monarch Lead Co. Stock Certificate 2131, Chloride Arizona - Prag Collection
$ 52.8
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Description
*We always deliver the pictured certificate, not a substitute similar item*1929 Stock Certificate of Monarch Lead Company for 50 shares, issued to George W. Taylor. Originally from the collection of Ken Prag.
Company: Monarch Lead Company, incorporated in Nevada, offices in Chloride, Arizona (AZ)
Certificate Number: 2131
Signatures: See photos, sect'y and president/vice president appear to be stamped
Corporate Seal: embossed
Publisher: Broun-Green Co., N.Y.
Bank/Trust Company: Columbia Trust Company
Notes on History of Company (from notes of Arizona Historical Society)
The Monarch Lead Company was a Nevada based corporation with company offices located in Chloride, Arizona. Chloride is in the Wallapai Mining District in Mohave County and about 20 miles north of Kingman. The mining area was one of the earliest in the Arizona area with chloride silver ore discovered in the early 1860s. By 1900 Chloride had a population of over 2,000 but declined sharply after the 1940s and the closing of many of the mines in the area. The cover letter to the question and answer sheet to stockholder in the collection indicates that the company owned both a lead mill (approaching completion) and a mine. The concentrator at the mill was scheduled to commence operations on New Year’s Day. An early letter refers to the lead mine on the property as currently operating only pump water from the mine at the present time. Another letter sites the depressed stock prices for all metals and the company stock selling at 20 cents per share. The company letter states how they look forward in the near future to the rise of metal prices and the reopening of operations at the company property [as America enters the Great Depression period].
Buyer will receive the pictured certificate. Stock certificates may have folds, creases, tears, holes or other defects. Where legible, we attempt to research the certificate signatures, however, signatures are not authenticated or verified. Please see all pictures and note below:
This is a vintage item. Please see all pictures as the primary indicator of condition, details, and flaws. As is typical of older items, there may be markings, tears, loose binding, soiling, foxing, fragile areas, rust, fading and any other type of defect common with items of this age. We do our best to mention and picture any major flaws. Most of our photographs are taken with high quality equipment and lighting, enabling users to zoom in to see a great level of detail. We encourage all buyers and bidders to examine all photographs prior to purchase.