North Butte Mining Company
North Butte Mining Company
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Product Details
North Butte Mining Company
Certificate Type
Capital Stock
Date Issued
May 3, 1926 (orange)
December 8, 1911 (green)
October 2, 1930 (red)
Canceled
Yes
Printer
American Bank Note Company
Signatures
Hand signed
Approximate Size
11" (w) by 7 1/2" (h)
Additional Details
NA
Historical Context
The North Butte Mining Company, in Butte, Montana, was incorporated under Minnesota law on April 1, 1905, by Charles A. Duncan, Louis W. Powell, and Joseph B. Cotton.
In June, 1905, the company bought the properties of the Speculator Mining Company which had previously been owned by the P.A. Largey Estate. Among the properties acquired were the Speculator, Edith May, Jessie, Copper Dream, and Miner's Union claims. The company contracted with the Washoe Copper Company to process the copper ore, thus eliminating the need to expend large amounts of money building reduction and smelting facilities.
In 1909 the North Butte purchased the Granite Mountain Mine from the Lewisohn Brothers interests, and in 1913 the company acquired massive holdings in the East Side Mineral Area. This acquisition more than doubled the number of claims being worked by the company.
In 1915 the company suffered the first of two major disasters. On October 19, 1915, a portion of a shipment of dynamite was ignited accidentally on the surface next to the Granite Mountain shaft, killing 15 miners. On June 9, 1917 a spark ignited a fire at the 2300 foot level of the Granite Mountain shaft. Smoke from the fire quickly spread throughout the mine and approximately 160 miners lost their lives. Because of the joint operation of the Granite Mountain and Speculator mines, the disaster has always been known as the Speculator fire.
Although the company quickly repaired the damage to the Granite Mountain shaft, production never returned to pre-fire levels. After the end of World War I, copper prices dropped dramatically. During the period of 1920 to 1923 the company was operating at a loss, and production was sharply curtailed. In March of 1921 production ceased and the mine closed until June of 1922. From then on the mine produced only sporadically, mostly through leasors. In 1942 the Anaconda Company leased the Speculator and Granite Mountain mines; around 1952 they purchased the property. Much of the company's east side property became part of the Berkeley Pit.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only. Â
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Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
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Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
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Any shipping charges collected on the original order are not eligible for a refund.