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1934 Lehigh Coal & Navigation Company

 

 

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Stock Code LCN1934

  Certificate issued to Montgomery, Scott & Co., dated 19th March 1934 for 3 shares of Common Stock without par value.

The certificate has the actual handwritten signature of the Vice President of the company. Ornate orange border. Vignette of the company's founders at the top of the certificate. On the rear is reference to the transfer of the stock to Edwin A Heller, 271 South 15th St., Philadelphia, Pennsylvania

Certificate size is 17.5 cm high x 28 cm wide (7" x 11.5").

About The Company

Framed Certificate Price : £70.00

Certificate Only Price : £25.00

 

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About The Company

Philip Ginter discovered anthracite in the Panther Valley at Summit Hill in 1791.  The Panther Valley is at the eastern end of the Southern Field of   the Pennsylvania anthracite region.  That coal region extends 70 miles west of Jim Thorpe (also known as Mauch Chunk), county seat of Carbon County, to just north of Harrisburg in Dauphin County.

Organized mining began in 1820 and in 1822, Josiah White started digging coal from land that is today the property of LC&N. White's enterprise, which later became the Lehigh Navigation Coal Company, ("LC&N") was known locally as "the old company." The anthracite mined was "Lehigh coal."

The name Old Company's Lehigh continues in use today as the trademark of LC&N and is recognized in the industry as the stamp of quality in hard coal.

Production at LC&N peaked in 1919, when 11,000 employees mined and produced 5 million tons of coal, all by underground mining methods.  After World War II, national demand for coal declined and the emphasis shifted to surface mining methods.   The last deep mine at LC&N closed in 1960.

The original Lehigh Coal & Navigation Company was dissolved in 1965, the property was sold to Greenwood Stripping Company in 1967, and then to Bethlehem Steel Corporation in 1974.

The Lehigh mines were operated by Bethlehem Steel Company, one of the leading steel producers in the United States, until 1989, when the present owner purchased the property and incorporated again as Lehigh Coal & Navigation Company.

The coal  property comprises 8,000 contiguous acres and holds over 100 million tons of surface mineable resources.  Throughout its many regimes, the property has remained intact and has many, many years of mining left in it.

Source: oldcompanyslehigh.com

 

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