Information Sheet

 

 

R         Osage Mining and Smelting Company.

1241                Bond certificate, 1840.

                                    One folder, photocopy.

 

 

 

This is a bond certificate dated 29 May 1840 for $250, issued by the Osage Mining and Smelting Company, a Missouri corporation with offices in Baltimore, Maryland.  The certificate is signed by Edward Hinkley, President pro tem, and F. H. Davidge, Secretary.

 

The Osage Mining and Smelting Company was incorporated by an act of the General As­sembly of the state of Missouri on 3 February 1837.  The first directors were Charles A. Warfield, Arthur L. Johnson, Charles D. W. Johnson, William Wright, and Uriel Wright.  On 2 January 1839 the General Assembly passed a supplemental act authorizing an increase in the company’s capi­talization from $200,000 to one million dollars.

 

By this bond, the company promised to repay $250, plus interest at 6%, on 29 May 1845 at the Union Bank of Maryland in Baltimore.  This was part of a bond issue of $20,000 approved on 25 May 1840.  As collateral, the company pledged “over Five Thousand Acres of valuable Min­eral Lands in the State of Missouri, clear of incumbrance [sic], which Lands are rich in Lead Ore.”

 

 

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