El Cobre Mines - Cuba 1903

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Beautiful uncancelled stock certificate from the El Cobre Mines issued in 1903. This item has been hand signed by the Company's President, Chas. F. Rand and Secretary, Wm. C. Tegethoff and is over 109 years old. Issued to George W. Young and endorsed by him on the verso. Reported in the Mines register: successor to the Mines handbook and the Copper handbook 1902: EL COBRE MINES. CUBA. Office: 71 Broadway, New York. Mine office: El Cobre, Santiago de Cuba. Employs 200 men. Organized 1902, under laws of West Virginia, with capitalization $3,500,000, divided into $1,500,000 preferred and $2,000,000 common stock, shares $100 par, non-assessable. Chas. F. Rand, president and treasurer; Wm. Astor Chanler, vice-president; Wm. C. Tegethoff, secretary. Directors are preceding officers, Colgate Hoyt, Jas. C. Colgate, Wm. Henry Yale, L. H. Severance and E. J. Bamey. Wm. C. Butler, general manager; T. E. Hurley, superintendent; Jennings S. Cox, Jr., consulting engineer. Lands, all patented, about 800 acres, with 200 acres other lands, including mill and smelter sites, in the municipal district of El Cobre, province of Santiago de Cuba. El Cobre railroad, owned by this company, runs from the city of Santiago to the mines. This property is easily the most important copper mine of Cuba, and was operated extensively from 1834 until the plant was destroyed during the rebellion of 1868, since which time it has been idle, until 1902. Production averaged a value of $1,000,000 yearly for the last 34 years of operation. Present owners control all of the developed mines in the district, also the railway, and the property is without question a very valuable one. Stock research by OldCompany.com (old stock certificate research service).