Information Sheet

 

 

R         Farmington Prospecting and Mining Company.

1120                Stock certificate, 1892.

                                    One folder.

 

 

 

This is certificate number 34, dated 20 April 1892,  for 30 shares in The Farmington Pros­pecting and Mining Company at Farmington in St. Francois County, Missouri.  The shares were sold to Andrew Wayne Logan and the certificate was signed by Robert Tetley, president, and Kos­suth W. Weber, secretary.

 

According to Articles of Association filed with the Missouri Secretary of State, The Farm­ington Prospecting and Mining Company was organized on 29 January 1890 and incorporated for a 21-year term on 6 February 1890.  Capitalization was $25,000 in 2,500 shares of common stock.  Original shareholders included Robert Tetley, A. Parkhurst, August Thomsen, Kossuth W. Weber, and Jennie T. Forster of Farmington, Ellis P. Cayce of Iron Mountain, William T. Gay and Antone Roehry of Ironton, Frederick Kaths and Valentine Effinger of Pilot Knob, Frederick Rodach, Mi­chael Seitz, William Trauernicht, and August Block of Middlebrook, and James M. Logan of Bellevue.  All were residents of St. Francois and Iron counties in Missouri.  Tetley, Thomsen, Ro­dach, Kaths, and Logan comprised the first Board of Directors.  Most of the investors appear to have been members of the Masonic Lodge in Ironton.

 

On 12 April 1892 the shareholders voted to increase the firm’s capitalization from $25,000 to $150,000.  This stock certificate appears to have been a direct result of that increase.  At the time the company had assets of $169,000 and liabilities of just $17,500.  On 24 January 1894 the name of the firm was changed from The Farmington Prospecting and Mining Company to the Leadington Lead Company.  This certificate is overwritten, “Cancelled & Leadington Lead Com­pany certificate No. 120 for 30 shares issued Febry 27th 1900 in lieu of this.”

 

In 1900 the company’s assets were sold to the Federal Lead Company and the proceeds were distributed to the shareholders.  The firm then filed for voluntary dissolution on 5 December 1900.

 

 

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