PENN-WYOMING COPPER & UNITED SMELTERS Bonds 1909 Lot of 2 Encampment, Carbon, WY

Description

Lot of 2 bonds (connected on attached sheets with coupons):
1)
Penn-Wyoming Copper Mining Company.
Bond
issued
January 1, 1909
. Incorporated in 1904 in the State of Wyoming
. Embossed company seal lower
center
. Certificate
No.
1343
. 0 First Mortgage Debenture 20-Year 6% Gold Coupon Bearer Bond.
All coupons #1 through #40 remain attached
on two sheets.
Hand signed by company
president E. W. Cobb
and
secretary E. A. Norton
. Certificate is about
9.5
” x 1
4
.5.” Black print with
light-purple
overprint/
underprint
.
Vignette
s with steam locomotive, with “Saratoga and Encampment Railway, Walcott to Encampment, Wyoming” beneath (upper right); and a large mining operation, with “Smelting Works at Encampment, Wyoming” (upper left).
2)
United Smelters, Railway and Copper Company. Contract of Guaranty and Conversion. Issued February 15, 1909 at Cheyenne, Wyoming. Incorporated in 1909 in the State of Wyoming.
Embossed company seal lower left. Certificate
No. 1343
. 0. Hand signed by company
president E. W. Cobb
and
secretary E. A. Norton
. Certificate is about
9.5
” x 12.5.” Black print.
Vignettes of steam locomotive, with “Saratoga and Encampment Railway” beneath (top); and a large mining operation, with “Smelter and Reduction Works at Encampment, Wyoming” (bottom).
The Penn-Wyoming Copper Company (which was purchased by the United Smelters, Railway & Copper Company in 1909) owned numerous subsidiaries in mining, utilities, pipe lines and rails. The company’s mine office was at Rudefeha, Carbon County, Wyoming (in the Grand Encampment Mining District). Operations of the Penn-Wyoming Copper Company were initially hampered by lack of rail facilities, but the Saratoga & Encampment Railway was completed by this company at a cost of million. The Penn-Wyoming’s history was marked by a series of scandals and assorted mishaps (the 1908 Copper Handbook devoted nearly 8 pages to this company). Lands controlled by the company included the holdings of the Battle Lake Tunnel Site Mining Company as well as the Ferris-Haggarty Mine, discovered 1898. Massive debt and shady operators had the 1910 Copper Handbook suggesting that “the whole lot should be jailed.”
Penn-Wyoming Copper Company’s Encampment Tramway Company operated a 16-mile tramway from the Ferris-Haggerty Copper Mine to the smelting and reduction works at Encampment which was said to be the longest aerial tramway in the world. Penn-Wyoming had substantial holdings including mineral lands, coal lands, mill site, limestone quarry, timber lands, and the town sites of Encampment, Wyoming, including the Rudefeha, and Rambler Mine claims encompassing 1,373 acres located in and near Encampment, Wyoming. Penn-Wyoming also controlled, through ownership of 90% of capital stock: Haggerty Copper Mining Company; Encampment Smelting Company; Encampment Tramway Company, Encampment Pipe Line Ditch Company; Encampment Land & Townsite Lot Company, Carbondale Coal Company; Emerson Electric Light Company; Saratoga & Encampment Railroad Company; and North American Mercantile Company.
Condition:  Very Fine+++
, light folds, very minor creasing, no tears, very light signs of wear/handling/toning (see photos),
uncancelled.
Printer:
Jacobs & Holmes, Chicago.
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