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Bear River & Auburn Water & Mining Co. Stock Certificate (107030)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:750.00 USD Estimated At:1,500.00 - 2,500.00 USD
Bear River & Auburn Water & Mining Co. Stock Certificate   (107030)
SOLD
750.00USDto i***y+ (187.50) buyer's premium. + applicable fees & taxes.
This item SOLD at 2019 Jul 13 @ 08:56UTC-7 : PDT/MST
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Choice. A key California Gold Rush rarity! Inc. May 1st, 1851. No. 1632, issued to PB Fagen for one share. Not dated. Signed by the president (Loyell?) and secretary R. Crandall. Not cancelled. Black border and print on thin paper. A stunning California Gold Rush vignette takes up nearly half of the certificate. It shows a complex mining scene with sluice boxes, Chinese workers, miners, a mine tunnel, a train trestle, and more. "Drawn by L.W. Smith from Nature." Lith, by Britton & Rey, San Francisco. Heavy folds with some separation. Toning and some stains. Please inspect. 6.5 x 10" The Sacramento Transcript, Volume 3, Number 56, June 2nd, 1851, provides a good summary of the company and its intentions: "A project is on foot by a company styled as above, to turn Bear River out of its channel, by means of an artificial canal, and leave about 35 miles of the bed of the stream entirely dry. The canal will commence at the upper crossing of the river, between Nevada City and Illinois Town; and run thence parallel with and on the north side of the dividing ridge between Bear River and the North Fork of the American River. On reaching a point opposite Auburn, the canal will be dug through the dividing ridge, and the water turned into the Big Ravine that passes through Auburn, and empties into the American River. The canal will have to be about forty miles long, to accomplish the object desired. The contracts for the excavation, ditching and fluming of the works of this company, have been made, and already the workmen are employed in grading the contemplated water course. The object of this company, as declared in their charter, is "to drain Bear River, so that the miners engaged in working the bars, and the bed of said river, may not be prevented from profitably working the same, by reason of the depth of water therein." Another object of the company, is to take the water through numerous dry diggings on the contemplated line of the work, heretofore of no value as min ing lands; but, which will soon yield a golden harvest to the enterprising and industrious miner. The company propose laying off the river bars, and portions of its bed, into suitable lots for mining purposes, and disposing of the same for a small sum. say $50 a lot or claim." Ken Prag Collection

Date: c1851
State/Country: California
City/County: Bear River