SILVER CHORD MINING CO Stock 1880. Silverton, Hinsdale Co, CO. W.O. McDowell SIG

Description

The Silver Chord Mining Company. Stock issued February 18, 1880 at New York City. Incorporated in the State of New York. Embossed company seal lower left. “Location, Hinsdale County, State of Colorado”
printed left and right of vignette. Certificate
No. 238
was issued to A. Alex Mesler for 100 shares of capital stock ( per share). Company capital was
0,000
. Hand signed by company
president William O. McDowell (see bio below)
and secretary John L. Earle. Certificate is about 6” x 9.5”. Black print
with pale-green underprint
on vellum paper. Mining vignette.
Company president William O. McDowell was an important financier and business magnate and a distinguished founder of numerous patriotic and international organizations (see bio below).
The Silver Chord Mining Company mines were located
northeast of the mining town of Silverton, Colorado in Hinsdale County in the San Juan Mountains south of Uncompahgre Peak (elevation 14,321 feet). This area of southwest Colorado
is highly mineralized (called the Colorado Mineral Belt) and was a major producer of gold and silver during the 1870s mining boom in Colorado. The Silver Chord mines were on the southwest slope of Empire Mountain east of the old mining camp of Yellowstone Gulch
(along the North Fork of Hendson Creek at an elevation of 10,541 feet). Their mines produced ores rich in gold, silver, lead and copper within quartzite – this area was called the Galena (or Henson Creek) Mining District.
William Osborne McDowell (1848-1927), a Newark, N. J. financier, business magnate and the founder of numerous patriotic and international organizations, and a nominee for the Nobel Peace Prize in 1913. The son of Augustus W. McDowell, William was a founder of McDowell Brothers and Company in New York City, an investment firm specializing in silver mining, railroads, corporate consolidations, and land speculation
. McDowell reorganized the
Montclair Railroad (N. J.), the New York, Ontario and Western Railroad of New Jersey, and the Midland Railroad of New Jersey, among others
. His business ventures involved the
Silver Chord Mining Company
, the
Jett Consolidated Silver Mining Company of Nevada
and the
Greenwood Lake Improvement Company (N. J. and N. Y.)
. William McDowell became a leader in the universal peace movement of the late nineteenth and early twentieth centuries, and was
a founder of:
the American Institute of Christian Philosophy; the
Sons of the American Revolution
; the
Daughters of the American Revolution
; the
Order of the American Eagle
; the
Human Freedom League
; the
Pan Republic Congress
; the
Cuban American League
; and the
League of Peace, a forerunner of the United Nations (he also served as president of the League of Peace)
. He raised money to
complete the Statue of Liberty's base
, lobbied for the
establishment of a national university in Washington, D. C.
and
initiated the Columbian Liberty Bell project, which sent a replica of the Liberty Bell on tour throughout the United States.
Condition:  Very Fine+++
, no folds, very minor creasing, no tears, light signs of wear/handling/toning (see photos),
uncancelled.
Printer:
Milton C. Johnson, New York City.
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