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Bodie & Hawthorne Telephone & Telegraph Co. Stock Certificate, 1892 [200837]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:10.00 USD Estimated At:50.00 - 100.00 USD
Bodie & Hawthorne Telephone & Telegraph Co. Stock Certificate, 1892 [200837]
SOLD
45.00USDto s******n+ buyer's premium (11.25)
This item SOLD at 2025 Sep 19 @ 14:16UTC-07:00 : PDT/MST
FINAL AUCTION RECORD The Auctioneer’s podium notes serve as the final, legally binding record of the auction results, superseding any electronic bidding records. See Terms and Conditions
Inc. August 6, 1892. No. 54, issued for 10 shares to RC Christine in Bodie on Oct. 17th, 1892. Signed by president Thomas Leggett and secretary RL McCarty. Pen and stamp cancelled. Folds, some discoloration. While Leggett managed the Standard Mine, two significant events occurred. It became one of the pioneers in using cyanide for the recovery of gold and silver. In 1894, he built the first cyanide plant on the Pacific coast at Bodie. The second event, with consequences far beyond the mining industry, was the long distance transmission of electricity. Faced with having to use wood for fuel, Leggett searched for cheaper alternatives. He discovered that in 1892, alternating current had been successfully transmitted three miles at Telluride CO. He installed a 250-kw Westinghouse generator powered by Pelton water wheels with a 300-foot head. The power generated was at 3000 volts and was carried 13 miles on a #1 bare copper wire. By late 1894, the system was considered proven and the steam powered equipment removed.
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Date: 1892
Country (if not USA):
State: California
City: Bodie
Provenance: Ken Prag Collection