World Exploration Company 1929

World Exploration Company 1929

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World Exploration Company 1929

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Beautifully engraved certificate from the World Exploration Company issued in 1929. This historic document has an ornate border around it with a vignette of mill buildings, head frames, dumps and rail line. This item is hand signed by the Company’s President ( Chester R.Bunker ) and Secretary ( C. R. Sears ) and is over 73 years old. Black border and print with gold safety print and seal on white paper. Printed by Goes. 8.5 x 11.
Certificate Vignette In 1926, Bunker optioned controlling interest in the Arizona Hillside Development Co.and organized the World Exploration Co. to develop the Copper King Mine. The ore was primarilyzinc, and a drop in the price of this metal in 1927 forced a shut-down of operations. Prior totakeover by Bunker, the average grade of ore shipped from the mine ranged from 45% to 51% zincand nearly 4 million pounds of ore were recovered. (Tenney, 1929, pp. 185-186). Bunker optioned other properties including theSkookum group in Death Valley, California, the Hannapah Extension and the Vindicator Group in Nevada and the Hazel Mine nearAllamore, Texas. In 1929, Bunker was under federal indictment for using the mails to defraud, resulting from a complaint filed by stock-holders who were assured by him of dividends, but which the company was unable to pay. (Mines Handbook, 1931, p. 470 - Holibird). Yavapai. Casa Grande.

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  • worexcom19
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  • Coins & Currency
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  • Antiques
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