SD Deadwood Homestake Mining Greatest Gold Mine Classic Indians ABN No Rust

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SD Deadwood Homestake Mining Greatest Gold Mine Classic Indians ABN No Rust:
$21.99

Lead and Deadwood, South Dakota....Homestake Mining Company...Clean & Pretty Green Stock Certificate not rusty like others...Issued on October 13, 1959 forTwo Shares at $12.50 each to E.F Hutton& Company and stampedwith thatnamethem on the back...The Greatest Gold Mine in the World...Super Classic Indians Vignette by The American Bank Note Company of Two Native American Indians with Mohawk Haircuts peering over the edge of a Mountain looking at the Civilization of the Intruding White Men with a Railroad Train by Farms & Ships under a Bridge at the right & Mining Camp on the left...Another vignette of anEagle at bottom center too...about 11 9/16 inches wide x 7 5/8 inches tall on this Frameable Beauty....From the company’s Homestake mine, which began producing gold in 1876, Homestake Mining has built a mining empire that has vaulted it past all competitors and ranked it as the premier gold producer in U.S. history.Homestake Gold Mine guard with gold bars 1936. The Race for Gold in the 1870s

In 1874, a U.S. Cavalry scouting party led by Lt. Col. George A. Custer inched its way through the deep valleys and steep ridges carved into the Black Hills of Dakota Territory, 15 years before the region became part of the country’s 40th state, South Dakota. The expedition begun that year set in motion a cavalcade of events that in a few years would lead to Custer’s Last Stand at Little Bighorn, the massacre of Sioux at Wounded Knee, the financial ascension of the powerful and wealthy Hearst family, and the founding of Homestake Mining Company, the country’s preeminent gold producer. These were the effects of one definitive moment when Custer’s troops spotted traces of gold in the mountainous and sparsely populated Black Hills, an ill-fated moment for Custer and the Sioux and a propitious one for the Hearst family and all those enriched by Homestake Mining’s formation.

Gold Bars mined at Homestake Gold Mine

For a populace already tantalized by the riches gold could bring, no formal declaration was required, and word of the new discovery quickly spread throughout the western territories. Within months, settlers were pouring into the area, scouring the countryside for further confirmation of gold’s existence in the region. With their arrival, small yet burgeoning communities were established, such as Deadwood, the local hotbed of entertainment for miners and prospectors, where Wild Bill Hickok and Calamity Jane met their end. As more settlers moved into the region, tensions between the Sioux and the region’s new denizens mounted, touching off a war that led to Custer’s death two years after his scouting party had discovered gold. Hostilities between the Sioux and U.S. forces did not end until the battle at Wounded Knee in 1890, by which time a more affirmative manifestation of the scouting party’s discovery already had developed into a flourishing enterprise.

Mining circa 1876 - these horses spent most of their lives in the shafts of the mine

One fortune-seeker drawn by the news of gold in the Black Hills was a prospector named Moses Manuel, who in 1876 staked a claim that would become known as Homestake. Manuel’s ownership of Homestake was fleeting, however, ending the following year when the mine was sold to a consortium of San Francisco investors led by George Hearst, father of publishing magnate William Randolph Hearst. Hearst and his backers paid Manuel $70,000 for the Homestake mine, and in return they received the largest gold mine in the United States: literally the mother lode of the Western Hemisphere. With the profits gleaned from his father’s mine in southwest South Dakota, William Randolph Hearst would begin his meteoric rise, purchasing the San Francisco Examiner in 1887 and going on to build the world’s largest publishing empire.

From 1876-2002 Homestake Gold Mine produced 40 million ounces of gold

These were the effects of the frenzy for gold in South Dakota; lives were lost and fortunes were made, making for a quintessential chapter of life in the American frontier. Homestake Mining Company was incorporated in 1877. At the time, George Hearst and his syndicate likely had little idea of the magnitude of their purchase. The Homestake mine eventually would supply the United States with the bulk of its gold for more than 100 years and would surpass competitors in becoming a prodigious force in the global gold industry.

Record Profits on the Eve of World War II

The mining company enjoyed the lucrative years of gold mining’s heyday during the first half of the 20th century. The company prospered during this period, sending its miners deeper and deeper into the Homestake mine, where they located sizable deposits of gold enveloped in tons of ore. In 1935, the company recovered enough gold to register $11.39 million in net income, a record that would stand for nearly 40 years. One year before Homestake mine established its net income benchmark, the price of gold, set by the U.S. Treasury Department at a fixed amount per ounce, was raised from $20.67 an ounce to $35 an ounce, welcome news for gold producers like Home-stake Mining. The price of gold, however, would remain at that price for roughly the next 40 years, fixed and unchanged as gold production costs rose....The story of the famous Black Hills Gold Rush has been told and retold. These accounts include countless history books, numerous fictional novels and most recently HBO’s loosely historical series, Deadwood. The times of \"fabulous fortunes\" were sensational, wild, perhaps wicked and short lived. The actual Deadwood/Lead gold rush began in 1875 and ended in 1877. Yet gold was to play a huge role in the area’s history, economy and development for many, many years to come. Toward the end of the big Black Hills gold rush, mining magnate, George Hearst arranged to purchase one of the most promising claims in the Lead/Deadwood area for $70,000 and incorporated it as the Homestake Mining Company. That was the beginning of a story with a list of accomplishments, both technological and civic that is over 126 years. Before its closing in 2002 Homestake Gold Mine was the oldest, largest and deepest mine in the Western Hemisphere, reaching more than 8000 feet below the town of Lead. Without a doubt, the best place to begin to uncover the fascinating story of the Homestake Gold Mine is the Homestake Visitor Center at 160 West Main Street, Lead SD. The Homestake Visitor Center provides captivating surface tours that explore the historic town of Lead and both Homestake Gold Mine\'s underground and surface operations. It also offers free viewing of the historic 1876 Open Cut mining area, artifacts, an informational mining video, historic and educational memorabilia and a gift shop....

The Homestake Gold Mine was one of the early enterprises associated with the Gold Rush of 1876 in the northern Black Hills of what was then Dakota Territory. The mining community of Deadwood was the center of the gold fever, with tents, sawmills, log houses and saloons springing up seemingly overnight. But the real action would happen three miles away \"over the hill\" where brothers Fred and Moses Manuel and their partner Hank Harney located their Homestake claim on April 9, 1876. Moses liked what he saw in an outcropping of a vein of ore, referred to as a lead and pronounced \"leed.\" Soon more prospectors materialized, and no time was lost in selecting a site for a new town. On July 10th work began on laying out the town lots, and that work was completed the next day. Miners were offered the lots, 50 x 100 feet, but were required to build on the lots in 60 days or forfeit them. That spurred many on to build on the front half and then sell the back half. Progress came quickly. Telegraph service began December 1st and by early 1877 four hotels, a grocery store, saloon, bakery and butcher shop were up and running. In June 1877 George Hearst, who had earlier sent an agent to offer a bond to owners of the Homestake claim, bought the four and one half acre claim for $70,000. No stranger to mining, Hearst had mining interests in Missouri, California during its gold rush, Nevada, Utah, and Montana. He later represented the State of California in the United States Senate. He and his wife Phoebe had one son, William Randolph Hearst, who, rather than continue in his father\'s footsteps in the mining businesses, chose to manage his father\'s newspaper, the San Francisco Examiner. William became a publishing magnate and was a pioneer in the radio and television industries. With a population of 8,392 in 1910, Lead was the second largest community in South Dakota. The employment opportunities for not only miners, but also laborers and mechanics were excellent. After George Hearst\'s death in 1891, his widow Phoebe made substantial contributions to the educational and cultural life of Lead. She was responsible for the establishment of the first kindergarten in the entire West. In addition, she arranged for the Homestake Mining Company Homestake Opera House and Recreation Building to be constructed as gifts to the community from the company. Tickets had to be purchased for events in the Opera House, but use of the swimming pool, bowling alley, meeting rooms and library was free. Throughout the decades to come the City of Lead and the Homestake Mine were confronted with challenges ranging from an epidemic of Spanish influenza, nearby forest fires and even a fire in the mine, which was extinguished by a deliberate flooding of the mine and subsequent dewatering with no ill effects to the mine or its equipment. But on the whole, the city and its residents prospered as a result of the mine. In the early 1930s, as the rest of the nation suffered economic hardship throughout the Great Depression, the management of Homestake set a shorter work week with an increase in wages, and provided end of year bonuses to workers. During World War II, gold mining operations were suspended by order of the War Production Board. The young men of the city joined the armed forces, moved to locations where copper mines were operating or worked in airplane factories. The older men who remained in what was by then an almost deserted town worked in the Homestake foundry or machine shop producing goods needed for the war effort, including parts for airplanes, wrenches and hand grenades. The following decades saw modernization of mining techniques and procedures, including the advent of computerization to the Homestake Mine. The workers voted in 1966 to be represented by the United Steel Workers union. In September of 2000 a Homestake Mining Company spokesman announced that the mine would close. In January of 2002, the Homestake Gold Mine finally shut down after more than 125 years of continuous operation. Hoist operator, Laurie Skavang of Lead inscribed this message on an exhaust fan 4,550 feet underground, \"Farewell to all! Thanks 4 being my friend. We will all stand tall, and I’ll treasure it ’till the end!\" ....Stock is sold to E.F Hutton & Company....E. F. Hutton & Co.From Wikipedia, the free encyclopedia...

E. F. Hutton & Co. was an American stock brokerage firm founded in 1904 by Edward Francis Hutton and his brother, Franklyn Laws Hutton. Later, it was led by well known Wall Street trader Gerald M. Loeb. Under their leadership, Hutton became one of the most respected financial firms in the United States and for several decades was the second largest brokerage firm in the United States. The firm was best known for its commercials in the 1970s and 1980s based on the phrase, \"When E. F. Hutton talks, people listen\" (which usually involved a young professional remarking at a dinner party that his broker was E.F. Hutton, which caused the moderately loud party to stop all conversation to listen to him).

Hutton was one of the first brokerages to open offices in California. It also operated seasonal offices in Palm Beach, Florida (winter) and Saratoga Springs, New York (summer) to cater to its customers. Morrie Cohen opened Hutton\'s first one-man office on Maui in December 1969.

Edward Hutton led the firm until his death in 1962. By the early 1980s, the brokerage house he founded had become the principal component of what grew into a conglomerate of companies owned by E. F. Hutton Group Inc., listed on the New York Stock Exchange. Other subsidiaries of that Delaware-chartered holding company were E. F. Hutton Trust Company (now \"Smith Barney Corporate Trust Company\" and owned by Citigroup), E. F. Hutton Life Insurance Company, and E. F. Hutton Bank. The Hutton companies also managed many mutual funds and other investment vehicles, some of which were separately incorporated and/or registered, and participated actively in corporate mergers and public offerings of securities.

As a result of several mergers, the remains of the old E.F. Hutton are now part of Smith Barney, a subsidiary of Citigroup. However, on January 13, 2009, Citigroup itself announced that it would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management.

E.F. Hutton was revived in April 2012 by a management team composed of executives of the former firm and Stanley Hutton Rumbough, grandson of E.F. Hutton

History

E.F. Hutton & Co. was founded in San Francisco in 1904 by namesake Edward Francis Hutton and his brother, Franklyn Laws Hutton. Hutton, an entrepreneur who later also became chairman of the General Foods Corporation and for years wrote a newspaper column, led the firm until his death in 1962.

In 1906, two years after the firm was founded, its offices were destroyed in the San Francisco earthquake of 1906. In 1924, famed Wall Street trader Gerald M. Loeb joined the firm, ultimately rising to chairman. The firm developed a nationwide retail brokerage network to market its various debt and equity securities.

In 1970, Robert M. Fomon was appointed Hutton\'s Chief Executive Officer.[2] Despite the failure or takeover of many of its peers in the 1960s and 1970s, Hutton retained its independence under Fomon\'s leadership. By the early 1980s, the original E.F. Hutton & Co. had become the principal component of what grew into a group of companies owned by E.F. Hutton Group Inc., listed on the New York Stock Exchange. Other subsidiaries of that Delaware-chartered holding company were E.F. Hutton Trust Company, E.F. Hutton Life Insurance Company, and E.F. Hutton Bank. The Hutton companies also managed many mutual funds and other investment vehicles, some of which were separately incorporated and/or registered, and participated actively in corporate mergers and public offerings of securities. In 1976, West*rn Union partnered with E. F. Hutton & Co...