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1950 Calumet And Hecla Consolidated Copper Company



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Stock Code CHC1950

  Certificate dated 2nd November 1950 for 100 shares of capital stock of $5 each in this Michigan-based copper mining company, which was incorporated in 1923.

Issued to Hornblower & Weeks, with the printed signatures of E R Lovell, President and R D Nicholas, Company Secretary.  Ornate brown  border with an imprint of the company's corporate seal. Vignette of three Native Americans by a campfire.

Certificate size is 20 cm high x 30 cm wide.

About This Company

Framed Certificate Price : 70.00

Certificate Only Price : 25.00


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About This Company

The Calumet and Helca Consolidated Copper Company, which traces its founding to 1864, was the most successful corporation to have mined native copper on Michigan's Upper Peninsula. Through nearly a century of mining activity, the company produced in excess of 4.5 billion pounds of refined copper and issued over $200 million in shareholder dividends. Unlike many of its competitors along the Keweenaw Peninsula, Calumet and Hecla successfully expanded its operations over several separate mineral bodies, developed capital-intensive ancillary industrial facilities, explored diversified non-mining enterprises, and remained a significant mining corporation at the national and international levels well past the district's most productive era. Not only did the company control the workings of the mines, it also exercised control over community development and the lives of the workers' families. Calumet and Hecla was known, however, as the fairest and most enlightened employer in the American copper industry.

Most early Michigan copper mining ventures exploited fissure and mass deposits of native copper, mainly in Keweenaw and Ontonagon counties. Exploitation of the larger amygdaloid and conglomerate deposits, near what are now the communities of Hancock and Calumet, was delayed due to the larger capital investments required to profitably mine these lower grade ore bodies, the copper in which was more finely disseminated throughout the rock. Edwin J. Hulbert identified several promising properties while surveying a state road through the Calumet area in the mid-1850s. He proceeded to purchase several tracts of land from the St. Mary's Mineral Land Company and began to explore the property's mineral wealth, shipping samples to the East Coast in hopes of attracting investors. Several Boston-based investors showed interest, and two new mining companies, the Calumet Mining Company and the Hecla Mining Company, were organized in September 1864 to mine the promising ore deposits. Through the purchase of additional lands, the two companies controlled the larger portion of the Calumet conglomerate, the richest copper ore body in the district. Hulbert was unable to manage the mine site, however, and the jointly owned companies sent Alexander Agassiz to replace him in 1866. Agassiz resolved several problems, and the two companies paid their first dividends in 1869/1870. Changes in state law made it possible to merge the two companies in 1870, and the combined company's assets gave it a commanding position in the industry.

Calumet and Hecla invested tremendous amounts of capital in its Michigan operations. Underground workings extended for several miles along the Calumet conglomerate and the Kearsarge amygdaloid, with shaft houses, rockbreaking facilities, and steam-powered machinery in place at the surface. Milling facilities, as well as foundries, saw mills, smelting facilities, and rail and ship transport departments, provided complete control of the copper-making process. Company employment peaked at over 6,000 in 1917. The company provided houses, farms, parks, bath houses, a library, and community buildings to its workers, and had significant involvement with local schools, churches, and municipalities.

Source: www.archives.gov


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