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California Water & Mining Company Prospectus, 1880

Currency:USD Category:Collectibles / Mining Start Price:400.00 USD Estimated At:800.00 - 1,500.00 USD
California Water & Mining Company Prospectus, 1880
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Extra rare. A 42-page promotional pamphlet on a company that had a the right to over 700 square miles of water rights on the Georgetown Divide in Eldorado County, Ca. The area encompassed elevations between elevations 2500 and 7500 feet between the middle and south forks of the American River. The area overlaps portions of the Placerville and Forest Hill divides. An attached fold out map (18 ¾ X 13 3/4 inches) details 21 reservoirs, 41 named ditches running over 257 miles. Each of the 41 ditches are named and described in size and length with the Main Ditch running 34 miles. The capacity of the company’s reservoirs is calculated at over 10,000,000,000 gallons. Sales of water to towns and mines yielded over $30,000 per month. Additional non-mining revenue came from lumber sales of some $8,000 per month. The Company also owns 16 placer mining properties, one quartz mine and one copper mine. Some of the placer mines cover very large gravel deposits; the Mount Hope property is some 160 acres. Besides the Georgetown mining area, the area includes Michigan Bar, Mormon Island and Volcanoville. The Company was capitalized in New York at $10,000,000; 500,000 shares at $20 per. A two-page lithograph photo by Julius Bien of hydraulic mining on the Georgetown Divide is included in the front. Five sections give professional analysis of the company’s properties and prospects. A seven-page report by Professor Rossiter W. Raymond is at the end. Chipping and tape repairs to covers. Pages clean. Please inspect. Date: Location: El Dorado County, California HWAC# 58515