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Petaca Mining Corporation (Owned by Monks)

$12.00

SKU: 7442
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.

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."

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