National Tunnel & Mines Company
National Tunnel & Mines Company
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Product Details
National Tunnel & Mines Company
Certificate Type
Capital Stock
Date Issued
December 15, 1937
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
11" (w) by 7" (h)
Additional Details
NA
Historical Context
National Tunnel and Mines Company was 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.
Elton Tunnel
The Elton Tunnel was constructed by National Tunnel and Mines Company as an outlet for the underground copper and lead mines controlled by Anaconda Copper Company, which by the mid 1930s had assembled control of most of the underground mines in the west area of the Bingham pit. Collectively the underground mine was known as the Utah Delaware mine, and the Utah Apex mine. In 1948, Anaconda acquired full control and ownership in the tunnel company and the associated mines.
The Elton tunnel was 4-1/2 miles long (one of the longest railroad tunnels in the United States), and was constructed to eliminate pumping and hoisting costs, and provide reduced transportation costs, especially for the Utah Apex ores. This tunnel had its portal at the west base of the Oquirrh Mountains about 5,000 feet west of the Tooele Mill and Smelter. The tunnel connected at the Bingham end with the Rood Shaft and the Utah Apex workings in Carr Fork. The water flowing from the tunnel was used for irrigation of farms in the general Tooele area.
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 too 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.
Anaconda shut down the entire National Tunnel and Mines property later that year.
Related Collections
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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Can I return my purchase?Â
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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You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.