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California Water & Mining Company Stock Certificate (113573)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 150.00 USD
California Water & Mining Company Stock Certificate  (113573)
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"Mines, Canals, Timberlands & Other Property Located in El Dorado Co., California" printed under title. Organized in New York. No. A112, issued to Mrs. DG Brewster on Nov. 11th, 1880 in New York. Signed by president Fred Gilbert and secretary Gilbert. Not cancelled. Brown border, black print, and vignette with eagle and mining scenes. ABN. Pinholes, deep folds and creases. Our company sold a prospectus from this company. From that prospectus: Company 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. 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.

Date: 1880
Country if not USA:
State: California
City: El Dorado County
Provenance: Fred Holabird Collection