2449

Bodie Bluff Consolidated Mining Co. Stock Certificate Signed by Leland Stanford [197611]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:400.00 USD Estimated At:800.00 - 1,200.00 USD
Bodie Bluff Consolidated Mining Co. Stock Certificate Signed by Leland Stanford [197611]
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Incorporated in 1863. Unnumbered, unissued stock certificate but signed by Leland Stanford as president. Yellow ground with pink underprint: $1,110,000 and two women in long gowns holding branches. In center of pink area is vignette of a mountain with house in the foreground and a road running past the house into the tunnel entrance. Written on the side of the mountain are names of 11 mines and depth in feet of each, all of the lodes at Bodie under the company's umbrella: Cumberland, Bunker Hill, North America, St. Charles, New Mexico, Main Top, Osceola, Mizzen Top, Fore Top, Oneida, and Isabella (with a backwards 'S'). 5.5 x 12.5" including stub. Agnew & Deffebach printers. XF. Stanford was an important western financier, president of the CPRR, Gov. of California (1861-63), and US Senator (1885-93). This was the first consolidation of mines at Bodie, but failed for Stanford. The Bodie Bluff was the forerunner of the famous standard mine. Standard was located under the name of The Bunker Hill Mine, the original locators selling out their interests for twenty thousand dollars to an actor named James Stark and a jeweler named John W. Tucker. They soon ran out of money and were forced to sell their "Opera House Mill" as it was called. A geologist Professor J.D. Whitney gave a good report on the property, and new capital was brought in. A new consolidation of claims took place. Leland Stanford, then Governor of California, was elected President, and Judge F. T. Bechtel, Secretary. The new company was called "The Bodie Bluff Consolidated Mining Company", and was incorporated for over a million dollars. Governor Stanford brought a mining expert up with him to Bodie. The "expert", in looking over the property advised Stanford to get out, saying he himself would not give five hundred dollars for the whole district. (The fact was that there were millions just beneath the place where they were then standing). The Governor took his advice and decided to abandon this seemingly worthless mining ground. The so-called "expert" lived to regret the day he gave this advice. [Ref: Browne, others.]
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Date: 1860s
Country (if not USA):
State: California
City: Bodie
Provenance: