Lot 1296: LENA GOLD-INDUSTRY CO.
October 29, 2016
Brussels, BelgiumLive Auction
Description: 1917 PETROGRAD. Prov. Cert. for 5 Shares of 150 Rbls. green, black. No 14166. Folds. Stain in lower left corner and some paper missing in upper left border. Text in Russian. Formed in 1896 as a joint-stock company as successor to an 1855 partnership of similar name. Mines in north-eastern Siberia on the Lena River (Olekminsk District, Yakutsk). The company employed up to 6000 people and produced in 1902/03 some 3,5 ton of gold - 50% of the total gold production in Siberia at that time. The mines were the site of the famous Lena massacre, of 1912. The miners, made desperate by merciless exploitation by the company, with long hours and appalling conditions, struck. This led to military intervention; with, according to some reports, as many as 250 dead. This led to a wave of strikes across the country, and contributed to the strength of feeling which brought about the Revolution 5 years later. Rare type.
Condition Report: F