East Wheal Brothers Share

Title

East Wheal Brothers Share

Creator

East Wheal Brothers; Copper, Tin, Lead, & Silver Mining Company

Date

2 December 1835

Format

21.3 x 32.3cm

Abstract

One share for the East Wheal Brothers printed on parchment in black on the recto, and in red on the verso. The recto is entirely printed text with the company name printed perpendicular to the main text in the right margin. The verso has been written in by hand, and includes an empty table where payments and dividends are intended to be recorded. The verso side has been signed by the proprietor, and three directors, and it includes a decorative sidepiece on the left edge, which has been left uncut.

Description

Recto Transcription:

East Wheal Brothers copper, tin lead and silver mining company. Capital £100,000 in 8000 shares of £20 each No. 4077 The bearer hereof is entitled to on share No. 4277 in this company subject to the conditions annexed. London, 2nd December, 1835. One share. 

Verso Transcription:

East Wheal Brothers Silver Mining Company. Capital £1,000,000 shares of £20 each. Conditions and regulations for the management of the company. The affairs and business of the company to be under the sole and entire control of the directors, three of whom are to be quorum, who are to appoint and remove all officers and servants of the company, and to supply any vacancy which may occur under the direction. All boards of directors shall be held in London and not elsewhere, except under the authority of the Board of London. The following shall be the directors, viz. In London, Edward Blount, Esq. J.P. Harrison, Esq. P.J. Caffary, Esq. J.L. Heathorn, Esq. Joseph Grout Esq. Francis Sapte, Esq. In Cornwall. Joseph Malachy, Esq. Thomas May, Esq. Bankers. Messrs. Vere, Sapte, Banburry, & Co. The qualification for the director shall  be 25 shares, and any director ceasing to hold his qualification or becoming incapable of actigin, shall cease to be a director. The directors shall have power to make such calls as shall be necessary, each call not exceeding £1 per share, and one month's notice to be given of each call by advertisement in the London Gazette or one London newspaper. In the event of the non-payment of any one of such calls within 30 days after the expiration of such notice, the directors shall have power to declare the shares, in respect of which such default shall be made, to be forfeited, and all dividends, profits, and advantages thereon to be for the benefit of the remaining shareholders. The director shall have power to make such bye-laws for the regulation of the company as they shall think proper. The accounts of the company and a general report of the affairs thereof shall be made up and reduced into writing at the end of each year, and shall be open to the inspection of the shareholders at the office of the company. The directors shall have power to call general meetings of the shareholders from time to time, as to them shall appear necessary. Any twenty shareholders, holding not less than twenty-five shares each, may at any time require the directors to convene within a month a special general meeting of the shareholders on delivering to the directors a requisition, signed by such twenty shareholders, specifying the object for which such meeting is required, and the directors shall give, at least, Fourteen days' notice thereof in the London Gazette of in one or more of the daily London Newspapers. Each shareholder shall at every general or special meeting be entitled to the following numbers of votes, viz. The holders of 15 shares shall have one vote; 30, two votes; 40 three votes; 60, four votes; 80, five votes; 100 and upwards, six votes. And the chairman shall have the casting vote, and if required, each shareholder shall, previous to voting, produce the certificate or certificates of his shares to prove the extent of his qualification The directors shall have power to take any sett or setts of mines they may think fit, if the same be contiguous to or in the vicinity of the mines now belonging to the company, provided it be not necessary for working the same to increase the capital of the company, and to demise, or surrender and relinquish, or abandon the same as they may think fit. A dividend shall be declared as often as the profits of the company will permit, and therefore any such dividend shall be made, the directors shall set apart £5 per cent. on such profits as a protecting fund, and to answer contingencies, until such fund shall amount to £3000, which fund shall be invested in the directors' names in public securities. The monies of the company shall be deposited in the names of the directors, with the bankers of the company for the time being. All advertisements inserted by the directors as aforesaid, in the London Gazette or Newspapers, shall be sufficient notice to every shareholder of the company. The company may be dissolved by a majority of votes, at two special meetings, to be called for that purpose. The mine. It is held under lease from the Duchy of Cornwall, at one-twelfth dues, and contains the lode of the celebrated Wheal Brothers and Wheal Sisters Mines, also the parallel lodes of the East Cornwall Mines. The sett is very extensive, comprising about fifteen hundred fathoms in length from east to west upon the course of the above lodes; and about fifteen hundred fathoms in width from north to south. An audit has been driven to intersect the East Cornwall Silver Lodes, and extended to within a short distance of the Wheal Brothers and Wheal Sisters lode, and will cut it at thirty fathoms below the surface. It is scarcely necessary to observe that, as the fact is ascertained that this sett contains in continuation the rich lodes of the Wheal Brothers, Wheal Sisters and the East Cornwall Mines, the prospective value of East Wheal Brothers is very great.

Provenance

Acquired by Mr. Seymour Schulich in 1988. Donated by Mr. Seymour Schulich in 2017.

Contributor

J.F. Harrison, director. J.L. Heathorn, director. Edward Bloount, director. One proprietor.

Language

English

Coverage

Great Britain

Identifier

015, Share No. 4077

Files

Recto
Verso

Citation

East Wheal Brothers; Copper, Tin, Lead, & Silver Mining Company, “East Wheal Brothers Share,” Schulich-Woolf Rare Book Collection, accessed March 29, 2024, https://schulichwoolf.omeka.net/items/show/520.