1080

By-Laws of The Federal Union Gold Mining Company

Currency:USD Category:Collectibles / Mining Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
By-Laws of The Federal Union Gold Mining Company
If you want to view an enlarged image, click on the thumbnail image in the lower left of the main image.
You can download a higher resolution image by clicking on the title below the enlarged image.
You can request extra images to be added by contacting HWAC at uwe@fhwac.com or by calling 775-851-1859
By-laws of the Federal Union Mining Company, Clear Creek County, Colorado, organized March 27, 1866. Capital stock $1000,000. Franklin Job Printing, Greenfield, 1866. Stitched in original printed deep blue wrappers, with wrapper title, 'The Federal Union Gold Mining Company,' lettered in gilt. (6.25" x 4.25") 11 pp. Near Fine. The President of this Massachusetts corporation, Alfred R. Field, was from Greenfield. Other officers were from Massachusetts and Rock Island, Illinois. One Director was from Colorado. The property was located "on both sides of South Clear Creek, at Colona Bar, in the Territory of Colorado." The corporation was organized "for the purpose of mining gold and other ores," during the enthusiasms of the Colorado Gold Rush. The bylaws prescribe a form stock certificate. The Federal Union Mining Company (F. U. M. C.) was organized by a group of Eastern investors including A.W. Hoyt, a civil engineer, Elisha Wells, a Massachusetts businessman, and General Napoleon Bonaparte Buford, at the end of the Civil War. In 1865, Hoyt sent Buford, a Union general who had been prominent in the Tennessee Campaigns, to visit the mining property of Jeb and Erskine McClellan in Clear Creek County, Colorado, seven miles from Black Hawk. Hoyt instructed Buford to check out the mines’ "working value" and get the McClellan brothers to sell their claims. Buford visited Colorado and returned East in late 1865 with bond to pay for the claim. In 1866 the company was formally organized. Arthur Field was elected President and Elisha Wells was to serve as Treasurer-Secretary. A sufficient number of Eastern investors were solicited to raise enough capital to send Buford back to Colorado in the spring of 1866 as superintendent of the mines. He took with him a group of men to work in the mines and a trainload of supplies in April 1866. In Clear Creek County, Buford served as superintendent until December 1866. Then he decided to return to his home in Rock Island, Illinois for the winter. In the spring of 1867, the Board of Directors, displeased with Buford’s management of the claim as they had no evidence of profits, dismissed Buford as superintendent. Buford later became a special commissioner to inspect the newly completed Union Pacific Railroad. He spent his last years in Chicago and died there in 1883. City: Clear Creek State: Colorado Date: 1866 ID# 27044