NATIONAL TUNNEL & MINES CO STOCK CERTIFICATE 1936 Bingham Canyon Utah Apex Mines

Description

Offered here for sale is an original very good certificate of stock in the amount of 100 shares at .00 each from the
NATIONAL TUNNEL & MINES
COM
PANY
.
Incorporated under the laws of the state of Maine in 1902. This cancelled stock certificate #B2390 is 7" X 11" and was issued on April 1, 1936.
National Tunnel & Mines Company was involved in a consolidation in March 1937 of the two largest mining companies with mines in the Carr Fork section of the Bingham Canyon mining district. These two companies were the Utah Delaware Mining Company and the Utah Apex Mining Company. Work began immediately on the new company's reason for the consolidation, to build a tunnel between the Bingham mines, and the site of the International smelter near Tooele. The tunnel was completed in July 1941, with a finished length of 4.5 miles. Costs of keeping the mines clear of water, and of transporting ore to the smelter were very high. When the World War II-era
subsidies
for lead, zinc, and copper mining came to an end in 1946, the costs were to high for the company to remain in business. Bankruptcy came in September 1947, and all property and assets were sold to Anaconda Copper Mining in October 1948.
An attractive piece of mining history suitable for framing.
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