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Cedar Hill Tunnel & Mining Stock [173285]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 600.00 USD
Cedar Hill Tunnel & Mining Stock    [173285]

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Although issued from San Francisco in 1862, this company was incorporated in early Utah Territory on December 29, 1860. Issued to the treasurer John Shirley. Signed by Shirley. Two vignettes of allegorical women (one semi nude). BF Butler lithographer. Not cancelled. 25c Insurance Revenue stamp on reverse when Shirley transferred stock to Henry Harris. Not identified as the Comstock, Cedar Hill in the placer / quartz mining area at the northern outskirts of the town of VIrginia City. On February 7, 1861 (one week after incorporation) the Daily Alta California took special note of this company. It proposed to dig a tunnel 2,000 feet into the mountain which would arrive some 1,600 feet below the surface of the mines. That would allow for drainage and open up a great number of new leads. The tunnel is to be seven feet high and five feet in width. Hugh Shamberger in his work "The story of the water supply for the Comstock" notes that the tunnel was built to 2,000 feet, but with no indication of any success it was abandoned. In 1876 the Phil Sheridan Mining Company bought out the Cedar Hill Tunnel Company. Light edge toning. Virginia City Nevada Herzog Collection