UNITED RICO MINES CO Stock 1908 Rico, Dolores Co., CO. Telluride Silverton. VF++

Description

The United Rico Mines Company. Stock issued August 31, 1908 at New York City. Incorporated in the State of Colorado.
Embossed company seal lower center. Certificate
No. A2487
was issued to Robert M. Kunkel for 100 shares of capital stock ( per share). Company capital was
,600,000
. Hand signed by company vice president and assistant secretary. Certificate is about 8” x 11”. Black print with dark-brown overprint/underprint.
Vignette with large smelting operation in valley next to train and river in mountains.
The United Rio Mines Company operated mines and smelters at the town of Rico, Colorado (Dolores County) southwest of Telluride and Silverton within the Rico-Pioneer Mining District. The company was a consolidation of over 200 mining claims, with well-funded investors, including David H. Moffat, Denver railroad and mining magnate. Company mines produced gold, silver, copper, lead and zinc.
Practically 75% of this company’s capitalization was given for the stock of controlled subsidiary companies. Properties included: Rico Smelting & Refining Company; Colorado Milling & Concentrating Company; Rico Mining & Milling Company; Enterprise Mining Company; Rico-Aspen Mining Company; Black Hawk Mining Company; Rico Townsite Mining Company; Atlantic Cable Consolidated Mining Company; and Security Mining Company. These controlled subsidiary companies, some twenty in all, were capitalized at ,000,000, and the lands embraced were in area about 4,000 acres. The mines had had considerable development and carried gold and silver bearing ores, accompanied by copper, lead and zinc.
Condition:  Very Fine++
, no folds, very minor creasing, no tears, very light signs of wear/handling/toning (see photos),
uncancelled.
Printer:
Republic Bank Note Company, Pittsburgh.
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