|
Similar Items
|
|
|
|
|
|
|
Compatible Items
|
|
|
|
|
|
|
Value Items
|
|
|
|
|
|
Your item is no longer available. Below please see similar items.
This item is no longer available.
This is a certificate for 100 shares of Phelps Dodge Corporation issued in 1951. It has the older style vignette of a hard-rock miner with an old pneumatic drill in a mine shaft. It is punched cancelled, one staple hole, a few wrinkles. It is in very good condition fow a certificate 61 years old. It was printed by the American Bank Note Company and the vignette is detailed and beautiful.
The company was founded as a trading company in 1834, by Anson Greene Phelps and William E. Dodge, who operated an import-export trade business that shipped U.S.-grown cotton to England in exchange for tin, iron, copper and other metals that were needed to support the ongoing development of the new American nation.
Phelps Dodge used the imported copper to produce thousands of miles of copper wire, including the wire used in the first transcontinental telegraph line. As the company diversified, Phelps Dodge invested in new railroads, and by the late 1800s, Phelps Dodge had become one of the largest manufacturers of lumber and lumber products in the United States.
In 1881, the founders were approached by a stranger named William Church who, having just returned from the rugged Arizona territory, wanted Phelps Dodge to invest in his copper mining company. After careful investigation, Phelps Dodge made the investment. The company has been mining those claims for more than 115 years. Today, they are known as Phelps Dodge Morenci, which has since become the largest copper mine in North America.
Today, Phelps Dodge Mining Company is one of the world's leading producers of copper.
A subsidiary of Phelps Dodge Corporation, Climax Molybdenum, is the largest primary producer of molybdenum in the world.
|
|