£25
U.S.A.: United Smelters, Railway and Copper Company, 100 shares, 19[09], #4366, steam train at top, mine at bottom, green. Incorporated on 9th February 1909 to acquire the assets of the Penn-Wyoming Copper Company and its numerous subsidiaries in mining, utilities and railroads. Its Encampment Tramway company operated a 16½ mile Tramway from the Ferris-Haggerty Copper mine to the smelting and reduction works at Encampment which was said to be the longest aerial tramway in the world. Very light stain in centre, VF.
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