Michigan-Colorado Copper Company
Intricately engraved antique stock certificate from the Michigan-Colorado Copper Company dating back to the 1920's. This document, which is signed by the company Vice President and Secretary, and measures approximately 12" (w) by 9 1/8" (h).
This certificate features a great vignette of an eagle atop a shield.
You will receive the exact certificate pictured.
This Michigan-Colorado Copper Company was incorporated in Colorado and operated the Cashin Mine near Bedrock in Montrose County. The company purchased the mine from the La Sal Copper Mining Company in 1918.
In 1926, the company mine officials were convicted of stock fraud. The company over reported production numbers in an effort to sell its shares. Most of the company's profits, however, were actually eaten up by the transportation costs associated with getting the ore to the nearest railroad, which was over 70 miles away.
The company was ordered to repay the investors' outlay, but it was considered a hollow victory as most, if not all, of the company's cash was used in developing the mine.