1896 mortgage bond from the Kootenai Mining and Development Company

Ainsworth company offered train tickets to investors

An 1896 bond from the Kootenai Mining and Development Company of Ainsworth and Chicago was snapped up last month for a bargain price.

Another in a series about Kootenaiana on the online auction block.

An 1896 bond from the Kootenai Mining and Development Company of Ainsworth and Chicago was snapped up last month for the bargain price of $20 US.

The bond promised to pay Alex Larsen $10 plus 10 per cent annual interest beginning in 1901 and was signed by secretary J. Rogers and president S H. Wood, a Minneapolis stock and grain broker.

The company was incorporated in 1893 with a capital stock of $1 million, and according to an ad that year in the St. Paul Daily Globe, the company offered “A first-class ticket to Ainsworth over the Great Northern railroad” to every purchaser of 2,500 shares, or a round-trip ticket with 5,000 shares.

At that time the company’s president was Willis Baker, its secretary J.B. McArthur and its treasurer Robert V. Noble.

Although the company boasted of owning “several valuable silver claims in the rich camp near Ainsworth,” it’s not clear exactly which ones, nor how successful they were. The bond includes the words “Famous Bluebell mines” on it, but this was probably just a ruse to lure investors. The Bluebell was owned by the similarly named — but unaffiliated — Kootenay Mining and Smelting Company.

By 1900, Henderson’s directory of BC mining companies said the company was “reported inactive.”

• Noteworthy postcard sales: A beautiful bird’s-eye-view of the Nakusp waterfront, showing the SS Bonnington, went for $25 US. A poor lithograph of two stately homes on Victoria Avenue in Grand Forks, ca. 1905, with Observation Mountain in the background, sold for $32 Cdn.

And a 1930s bird’s-eye-view of Nelson taken from the Gyro Park lookout sold for $34 Cdn. It shows in fine detail Hall Street and Lake Street — home to Chinatown and the red light district — as well as the Front Street warehouse district.

Two postcards of Columbia Avenue in Rossland drew 19 bids each and sold for $27 and $31 Cdn. The former, postmarked 1907, was taken looking east and shows a long line of false-fronted buildings long since burned or demolished, including the Hunter Bros. Big Store, with giant letters on its roof.

The latter, mailed in 1914, is looking west, with the LeRoi mine visible on the hillside above.

This story will appear in the West Kootenay Advertiser on October 11.

Just Posted

Trafalgar student hit by car while walking to school

The 13 year old lost two teeth and suffered head injuries

Expedia: Nelson is historic and hoppin’

The travel website put Nelson on two best-of lists for its history and beer

Faust faces challenger in RDCK Area E

In Area F, Tom Newell is elected by acclamation

New tennis courts opening Saturday at LVR

The multi-sport facility will be open to the public

Mayoral races in Kaslo, Silverton, Salmo, and New Denver

Slocan mayor acclaimed for second term

VIDEO: Messages of hope, encouragement line bars of B.C. bridge

WARNING: This story contains references to suicide and may not be appropriate for all audiences.

Fresh-faced Flames fend off Canucks 4-1

Vancouver drops second straight NHL exhibition contest

VIDEO: B.C. deer struggles with life-preserver caught in antlers

Campbell River resident captures entangled deer on camera

Scheer pushes Trudeau to re-start Energy East pipeline talks

Conservative Leader Andrew Scheer questioned the Prime Minister over Trans Mountain project

Mistaken identity: Missing dog claimed in Moose Jaw belongs to another family

Brennen Duncan was reunited with a white Kuvasz that was found in Saskatchewan

Abandoned kitten safe and sound thanks to B.C. homeless man

‘Jay’ found little black-and-white kitten in a carrier next to a dumpster by a Chilliwack pet store

Police chief defends controversial marijuana seizure

Advocates said cannabis was part of an opioid-substitution program in Vancouver’s Downtown Eastside

Trans Mountain completes Burrard Inlet spill exercise

Training required, some work continues on pipeline expansion

Supporters of B.C. man accused of murdering Belgian tourist pack courtoom

Family and friends of Sean McKenzie, 27, filled the gallery for brief court appearance in Chilliwack

Most Read