The Anaconda Company > Butte Montana copper mining > set of 2 stock certificates

Description

Old Stock Yard Collectible Stock and Bond Certificates
The Anaconda Company
Set of 2 original stock certificates
Certificate for:
Less than 100 shares (blue)
100 shares (green)
Butte, Montana
Beautiful certificates with attractive vignette
More information about the Anaconda Company:
Anaconda Copper Mining Company (until 1915 known as the Amalgamated Copper Mining Company) was one of the largest trusts of the early 20th century. The Anaconda was purchased by
Atlantic Richfield Company (ARCO)
on January 12, 1977. At present (2007), Anaconda exists only as an environmental liability for BP, the current owner of ARCO.
History of Anaconda Copper:
Beginnings
Anaconda Copper Mining Company started in 1881 when Marcus Daly bought a small silver mine called Anaconda, near Butte, Montana. (Anaconda would eventually own all the mines on Butte Hill.) He asked George Hearst (father of publishing magnate William Randolph Hearst) for additional support, who agreed to buy one-fourth of the new company's stock without visiting the site. Huge deposits of another mineral, copper, were discovered soon and Daly became a copper magnate. Daly quietly bought up neighboring mines forming a mining company. He then built a smelter at Anaconda which he connected to Butte by a railway. Butte, a small and poor town, became one of the most prosperous cities in the country, often called "the Richest Hill on Earth". From 1892 through 1903, the Anaconda mine was the largest copper-producing mine in the world. It produced more than 0 billion worth of metal in its lifetime.
The Rothschilds
In 1889 the Rothschilds attempted to control the world copper market. In 1892 the French Rothschilds began negotiations to buy the Anaconda mine. In mid-October 1895 the Rothschilds, French and British, bought one quarter of the stock in Anaconda for 7.5 million dollars. By the late 1890s the Rothschilds probably had control over the sale of about forty percent of the world’s copper production.
The Rockefellers
The Rothschilds' role in Anaconda was brief. In 1899, Daly teamed up with two directors of Rockefeller’s Standard Oil to create the giant Amalgamated Copper Mining Company, one of the largest trusts of the early Twentieth Century. By 1899 Amalgamated Copper acquired majority stock in the Anaconda Copper Company and the Rothschilds appear to have had no further role in the company. Marcus Daly had just become president of the seventy-five million-dollar holding company at his death in 1900. The leading roles in the takeover were played by Henry Huttleston Rogers (John D. Rockefeller’s friend and a key man in his Standard Oil businesses) and William Rockefeller (John’s brother).They were aided by company promoter Thomas W. Lawson. Although Rogers and William Rockefeller were Standard Oil directors, Standard Oil itself did not take part, nor did its founder and head, John D. Rockefeller, who disliked such stock promotions. Lawson later had a falling out with Rogers and Rockefeller, and wrote of the experience in a book Frenzied Finance. Although not totally objective (probably due to Lawson's bitterness) it offered insight into aspects of high finance. Publicity from revelations such as these fueled public sentiment for controls which led to U.S. anti-trust laws such as those championed by President Theodore Roosevelt. -Wikipedia
Old Stock Yard Policies and FAQs
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.99 for one certificate to the U.S.
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Certificates are carefully packaged in poly bags and rigid envelopes to protect them during shipment. Items are sent via U.S.P.S. – usually first class, but occasionally priority or parcel post. Most items will be mailed within 48 hours of payment.
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FAQs:
Are you your certificates authentic or copies?
Everything
I sell is original and authentic. I do not sell copies or reproductions.
Is the certificate pictured the exact one I will receive?
Usually, yes. Occasionally, I do list certificates of the same type without rescanning. In this case, the certificate you receive will be virtually identical (same color, size, vignette, etc.) to the one pictured. Again, if you ever receive anything from me you are not 100% pleased with, you can return it for a full refund.
What is the best way to store, protect, and display my certificate collection?
The best thing, by far, that I have come across for storing certificates are
profolios and sleeves made by Itoya
. You can purchase them in my eBay store. I have several sizes available.
Do the certificates you sell have financial value?
No, these certificates are sold as collectibles only; although they are authentic, they no longer hold financial value.