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This is a issued stock certificate for the Tonopah Mining Company. The stock features a detailed vignette in the center of miners operating a air powered drill in a mine. The stock is embossed with the company name and reads that the company was incorporated in 1901.
In 1900 while camping at Tonopah Springs, Jim Butler's mule wandered away and when Butler found the mule, he noticed an outcropping that appeared to be heavily laced with silver. This would lead to this site becoming one of the richest booms in the West.
The town of Butler was formed and began to grow by leaps and bounds. By January 1901, there were 40 men in the camp. The first stagecoach, coming from Sodaville, arrived in Butler in March 1901. The camp consisted of seven shacks, a number of tents and a population of 60. Within a few weeks, the population had grown to 250. A post office named Butler, opened at the booming camp on April 10, 1901. It was not until March 3, 1905, that the post office changed its name to Tonopah.
1902 was a great year for the boom town. Jim Butler had sold out his claims, which were all consolidated and gave birth to a new company, the Tonopah Mining Company. It was incorporated in Delaware, with stock listed on both the Philadelphia and San Francisco exchanges. The company controlled 160 acres of ground in the Tonopah district. The mine workings at Tonopah consisted of three deep shafts with more than 46 miles of tunnel workings. The deepest of the three shafts was 1,500'. The company also had to ship its ore to Millers until 1912, when its own 60-stamp mill was built at Tonopah. The Tonopah Mining Company mill had a capacity of 500 tons. During its years of production, 1912-1923, it was regarded as one of the best equipped and most efficient silver cyanide mills in the country.
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