Petaca Mining Corporation (Owned by Monks)
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Product Details
Nicely engraved antique stock certificate from the Petaca Mining Corporation dating back to the 1950's. This document, which carries the printed signatures of the company President and Secretary, was printed by Hasbrouck Thistle & Co. of New York and measures approximately 12 1/8" (w) by 8 3/4" (h).
This certificate features a great vignette of a treasure chest.
Image
You will receive the exact certificate pictured.
Historical Context
From the September 19, 1954 edition of the Sun-Herald of Sydney, Australia:
Brother Benildus, a 48-year old monk, wore a blue business suit instead of his clerical habit when he called on a Wall Street investment house this week.
Usually Brother Benildus is president of a college of 270 students in Santa Fe, New Mexico. This week he was a businessman looking for people willing to go into the mining business with a fraternity of monks. To prospective buyers of the 900,000 shares of stock in Petaca Mining Corporation, Brother Benildus explained how a number of monks became mixed up in the mining business.
Some months ago the college, found it hard to make ends meet. The monks bought up claims from small mining companies and prospectors and formed Petaca. The monks, who retain 55 percent, of the stock, are now looking for capital to begin operations.
From 22 mines in New Mexico and Utah, they hope to extract uranium, mica, columbium, tantalum and monazite. Says Brother Benildus: "We're in this, to make money for our college. It's strictly business."
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.