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Cedar Hill Tunnel & Mining Stock, Cedar Hill Mining Camp [130931]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:250.00 USD Estimated At:500.00 - 800.00 USD
Cedar Hill Tunnel & Mining Stock, Cedar Hill Mining Camp  [130931]
SOLD
225.00USD+ (49.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Feb 25 @ 09:52UTC-8 : PST/AKDT
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Although issued from San Francisco in 1863, this company was incorporated in early Utah Territory on December 29, 1860. Issued to the treasurer John Shirley. Signed by Shirley, president Hobart and secretary Martin. Two vignettes of allegorical women (one semi nude). RARE BF Butler lithographer. Not cancelled. 25c Insurance Revenue stamp. 25c Insurance revenue stamp on reverse when Shirley transferred stock to Henry Harris. Cut unevenly at top and light staining in bottom left border - otherwise no condition issues with this early Nevada stock certificate. Cedar Hill is the placer / quartz mining area at the northern outskirts of the town of Virginia City. On February 7, 1861 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. Notes on Martin [S. F. Stock Exchange 'caller], Cedar Ravine and the mine included.

Date: 1863
Country (if not USA):
State: Nevada
City: Cedar Hill, Storey Co.
Provenance: Joe Elcano Nevada Mining Stock Collection