Canadian Javelin Limited > green mining stock certificate

Description

Old Stock Yard Collectible Stock and Bond Certificates
Canadian Javelin Limited
Original stock certificate
Incorporated in 1951 as a r
eorganization of the
Canadian Javelin Foundries and Machine Works (read more below)
Attractive certificate with beautiful vignette
More information about the Canadian Javelin Limited, and founder, John C. Doyle:
J.R. Smallwood was always on the lookout for entrepreneurs and advisors who could help bring about his dream of economic diversification and prosperity. Perhaps the most colourful was John C. Doyle. Born in Chicago in 1915, Doyle went to western Canada as a coal salesman, moving east in 1949. He purchased
Canadian Javelin Foundries and Machine Works
, a Joliette, Québec, stove-making operation. The business was reorganized in 1951 as
Canadian Javelin Limited
, which Doyle used as a holding company for his subsequent ventures.
Doyle first became interested in Newfoundland’s resources in 1952. On his way to the province to collect a large coal debt, he met the provincial geologist. The latter told Doyle that a strip of iron-ore rich land around Wabush Lake in Labrador was about to revert to the government – or more accurately, to the Newfoundland and Labrador Corporation (NALCO), a development company created by the provincial government (and Alfred Valdmanis) in 1951. The area originally belonged to the Labrador Mining and Exploration Company, which shed it under an agreement that stipulated that 10 percent of the company’s concessions had to be relinquished every year.
In July 1953, NALCO granted concessions to Doyle and Javelin, which included the rights to a large area of western Labrador containing iron-ore rich deposits. From this point on the story is confused, but it appears that in September 1953, Doyle and Javelin acquired a controlling interest in NALCO, with six seats on the board. Valdmanis did his best to block Javelin taking over NALCO completely, but failed – even though Doyle was in financial difficulties and Javelin shares had been de-listed from the Montreal stock exchange. In the end, Smallwood sided with Doyle against Valdmanis, and in March 1954 the former received 2,400 square miles of prime NALCO holdings in central Labrador. NALCO was reorganized in such a way that most directors were to be provincial government nominees.
Doyle spent approximately million surveying and drilling the area around Lake Wabush. He also commissioned American engineering expertise to improve the ore benefaction process, and brought about the consortium of international mining interests known as Wabush Mines. Before the opening of the mines The Sunday Times Supplement optimistically gushed, “After Javelin, neither Newfoundland nor the international steel industry will be quite the same again” (Ore: 25). In the mid 1950s Doyle also built a railway connecting Wabush to the Québec North Shore and the Labrador Railway, but not without the Newfoundland government guaranteeing a .5 million bond issue enabling him to do so. The bond was never called in, but it was an issue that raised some strenuous objections in the House of Assembly.  ~ Information from Heritage.nf.ca
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Is the certificate pictured the exact one I will receive?
Usually, yes. Occasionally, I do list certificates of the same type without rescanning. In this case, the certificate you receive will be virtually identical (same color, size, vignette, etc.) to the one pictured. Again, if you ever receive anything from me you are not 100% pleased with, you can return it for a full refund.
What is the best way to store, protect, and display my certificate collection?
The best thing, by far, that I have come across for storing certificates are
profolios and sleeves made by Itoya
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No, these certificates are sold as collectibles only; although they are authentic, they no longer hold financial value.