[Rarebooks] FS: 1906/07 Penn-Mont Mining & Milling Montana Stock Letters

[Joslin Hall Books & Ephemera]

1906/07 Penn-Mont Mining & Milling Montana Stock Letters

On August 10, 1906 Clarence V. Lichty of Lancaster, Pennsylvania,  
apparently the lead agent for the Penn-Mont Mine of Elliston, Montana,  
writes to Benjamin Stoner of Hallem, Pennsylvania, enclosing a set of  
carbons of letters praising the Penn-Mont mine; on August 27 he writes  
giving glowing updates on the mine, and enclosing an order form for  
stock; an undated handwritten letter from Stoner to Lichty on Stoner &  
Bro. letterhead explains that he has bought too much stock and he and  
Mrs. Stoner are being kept up at night with worry about their  
financial situation and could Mr. Lichty please buy back the stock; On  
November 7 Lichty writes to Stoner that he is sorry to hear the stock  
is causing worries, but that he has no money presently to buy the  
stock back with; on December 21 Lichty writes that he is enclosing a  
note for $375, and will try to sell the stock for Stoner; on March 29,  
1907 Lichty writes that having gotten the $375 back Mr. Stoner has  
made a profit of $25 on the deal, and he is sending a copy of a letter  
from New York with good news about the Penn-Mont mine (included in  
this lot) and would like to advise Mr. Stoner to buy more shares; on  
April 18, 1907 Mr. Lichty writes on the letterhead of the Penn-Mont  
Mining Co. that he has a great, no-lose deal for Mr. Stoner on shares  
in the mine. From a small collection of correspondence of Benjamin  
Stoner of Hellam, Pennsylvania, who invested in a variety of mining  
and other speculative stocks in the early 1900s.

This lot consists of- 6 8.5x11 letters; 5-page carbon typescript of  
mine report; 5.5x9 letter from Stoner; two 6x3.5 order forms for  
stock; 8.5x11 Penn-Mont Mining Co. 6-page prospectus. Letters &  
typescript all in good condition, folded; one of the order slips has  
soil and chips; the prospectus has soil, wear, and corrosion along  
both edges.  $65, plus $3 shipping.

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