|
The
Independence Mine was Winfield Scott Stratton's
first and richest mine in the Cripple Creek District.
Stratton held this mine privately until it was sold to a British
syndicate in 1899 for $10,000,000!! It was the largest sum paid
for a single mine to-date.
This
Stratton's Independence, Limited certificate
is the first issuance of shares and represents the
Independence Mine after it
was sold to the British syndicate, Venture
Corporation, Limited. While many mining men had to
raise capital in order to run their mines, Stratton made his Independence
profitable on his own, with no public money. This mine was his "bank
vault". He mined the ore only when he had to, and only as much as he had
to, in order to make payroll and pay his bills. He felt that the gold
ore was worth more in the ground than out.
No other man in the district, quite possibly in the state, was able to
achieve the level of profit and success from a single mine with no outside
capital.
There are four color
varieties of this certificate: Blue, Light Green, Dark Green, and Red.
Rarity: R4
|