California Mining Stock Group including Gold Rush (116982)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:300.00 USD Estimated At:800.00 - 1,000.00 USD
California Mining Stock Group including Gold Rush (116982)
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Lot of 5 different. 1) Ruby King Copper Mining & Townsite Improvement Company. Place of Business: Sacramento City, Sacramento County, Cal. No. 115, issued for 10 shares to Philip Steiner on Oct. 2nd, 1899. Signed by the president and secretary. Not cancelled. Black border and print. 5 cent stamp. Heavy folds, toning. 5.25 x 10" Became the Ruby Mineral Paint Company.

2) The One Hundred and Ten Mining Company. Dateline Clarksville, Cal., May 16th, 1863. Inc. March 1863. No.804-808, issued for 5 shares to HP Bence. Signed by president HB Bird and secretary John Bremner. Not cancelled. Black border and print, allegorical vignette of man watching ship pass by. Also a circle with "110" at the bottom center. Not in Filer or Holabird indexes. Not on mindat.org. Newspaper articles from the 1860s only give notice of meetings held in Clarksville. Clarksville is 14 miles west-southwest of Placerville.

3) Le Nouveau Monde Stock Certificate Trio--California Gold Rush. This was one of 18 early publicly traded stocks formed on the Mariposa estate. The 'London Times' called this company "a nefarious Mining Company." The name calling, however, went both ways. In a letter from Fremont to his agent in London, Hoffman, on October 29, 1851 he complains that the company men have arrived with no funds to even cover preliminary work. He approved the company to get a lease, but did not give them a location yet. Not until they had the funds to work a claim. They were however, an actual gold producing operation. The Le Nouveau was the first organized, public company in John C. Fremont's Mariposa District. These were probably issued before this company had any real properties because on the back it says "no deed need be signed." This was the first overseas company to formed by John Fremont and his London Lawyer David Hoffman. Fremont had rights to the Mariposa Land Grant which would become known as the Mariposa Estate. It comprised of 44, 386 acres. When Marshal discovered gold he began to explore his property for the ore. He eventually sent two samples to the U. s. Mint in Philadelphia which assayed at $3510 a ton and $242 a ton for the average rock. He hired Hoffman to find European investors in California Gold. Fremont's royalty was 16.6% of the gross production. William K. Smith would become the superintendent when the mine was put into operation. It was funded by French and English investors.

Provenance: Ken Prag Collection
Country (if not USA):
State: California