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

Lemon Creek fuel truck driver gets $20,000 fine

Danny LaSante was sentenced in Nelson court today

UPDATED: Ammonia leak shuts down Nelson Curling Club

The club says it can’t afford to make repairs on its own

B.C. BUDGET: Surplus $374 million after bailouts of BC Hydro, ICBC

Growth projected stronger in 2020, Finance Minister Carole James says

South Slocan woman killed in Friday crash

Police continue to investigate cause of fatal crash

It’s time for Blues Brews and BBQ again

Fundraiser for Kootenay Co-op Radio runs March 1 and 2

VIDEO: 8 things you need to know about the 2019 B.C. budget

Surplus of $247 million with spending on children, affordability and infrastructure

‘Bullet missed me by an inch’: Man recounts friend’s killing at Kamloops hotel

Penticton man witnessed Summerland resident Rex Gill’s murder in Kamloops

B.C. BUDGET: Income assistance raise still leaves many below poverty line

$50 per month increase included in funding for poverty and homelessness reduction

B.C. BUDGET: Indigenous communities promised billions from gambling

Extended family caregiver pay up 75 per cent to keep kids with relatives

B.C. BUDGET: New benefit increases family tax credits up to 96 per cent

BC Child Opportunity Benefit part of province’s efforts to reduce child poverty

B.C. BUDGET: Carbon tax boosts low-income credits, electric vehicle subsidies

Homeowners can get up to $14,000 for heating, insulation upgrades

B.C. man survives heart attack thanks to Facebook

A Princeton man suffered a heart attack while at an isolated property with no cell service

B.C. man sues Maxime Bernier’s People’s Party over trademark

Satinder Dhillon filed application for trademark same day Maxime Bernier announced the new party

Make sure measles shots up to date, Public Health Agency says

Measles causes high fever, coughing, sneezing and a widespread painful rash

Most Read