C.N. Nelson Lumber Company - 1800s

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C.N. Nelson Lumber Company - 1870s - Minnesota

C.N. Nelson Lumber Company - 1800s - Minnesota

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Vintage Stock Certificate

Product Code: SC2157

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This C.N. Nelson Lumber Company stock certificate is un-issued from the 1800s. Incorporated in Minnesota. Nice lumberjack vignette. C.N. Nelson was was a cashier at the First National Bank of Stillwater in the 1860s. His brother in-law was president of the First National Bank of St. Paul. One of the customers of the St. Paul bank defaulted on a lumber mill and the bank needed to make good on the loss. Shortly after, C.N. Nelson retired as a cashier to take over the lumber mill and liquidate it, which was located just outside of Stillwater. When his job was done, he personally took over the sawmill in the 1870s and incorporated under the name C.N. Nelson Lumber Company.

Headquartered in Stillwater and Lakeland, he constructed a lumber mill in Cloquet to process a timber tract near St. Paul. In 1896 he sold all his lumber operations for $1.9 million to Frederick Wyerhauser who formed the Northern Lumber Company.