Central Mining and Development Company 1907 - Arizona - Mining Scam

Beautifully engraved certificate from the Central Mining and Development Company 1907 - Arizona issued in 1907. This historic document has an ornate border around it with a vignette of four men mining deep in a mine. This item is hand signed by the Company's President ( S. H. Snyder ) and Secretary ( N. B. Johnson ) and is over 96 years old.






Certificate Vignette



The company operated the Two Queens Group of Mines where there was 5 shafts and one tunnel. Despite marvelous assays, 3 small smelter shipments, 1907, gave returns of only $36.53. The property was purchased for $6000, and capitalized at $10 million. Frank H. Horn, Raymond P. May and S. H. Snyder were sentenced, June 2, 1909, to one year imprisonment each, at Leavenworth, and $500 fine, for fraud in connection with the promotion of this company. John E. Horn was fined $500 and Elisha S. Horn was also convicted of fraud. (Copper Handbook, 1910, p.579-580).