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Updated: May 20, 2025
At first a share in a company represented a running foot on the lode's length. In 1871, Mr. Cornelius O'Connor bought ten shares of Consolidated Virginia at eight dollars a share. When it had been divided into one thousand shares and he was offered $680 a share, he had the sagacity to sell, realizing a profit of $679,920 on his investment of $80.
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