Formation
In 1896 S. H. C. Miner, a rubber footwear manufacturer from Granby, Quebec, and mining promoter J. P. Graves (of Knob Hill Mining Company) and A. L. Little (of Old Ironsides), formed the Miner-Graves Syndicate. In 1899, they incorporated The Granby Consolidated Mining and Smelting Company, Limited and, in 1901, consolidated under The Granby Consolidated Mining, Smelting and Power Company, Limited. at the Knob Hill annual meeting. It was founded after an agreement was reached by the directors of Knob Hill, Ironsides, Grey Eagle and Granby Smelter Company. The company was formed with $15,000,000, of which $2,900,000 was held in Treasury stock.
Read more about this topic: Granby Consolidated Mining, Smelting And Power Company
Famous quotes containing the word formation:
“... the mass migrations now habitual in our nation are disastrous to the family and to the formation of individual character. It is impossible to create a stable society if something like a third of our people are constantly moving about. We cannot grow fine human beings, any more than we can grow fine trees, if they are constantly torn up by the roots and transplanted ...”
—Agnes E. Meyer (1887–1970)
“The moral virtues, then, are produced in us neither by nature nor against nature. Nature, indeed, prepares in us the ground for their reception, but their complete formation is the product of habit.”
—Aristotle (384–322 B.C.)
“It is because the body is a machine that education is possible. Education is the formation of habits, a superinducing of an artificial organisation upon the natural organisation of the body.”
—Thomas Henry Huxley (1825–1895)