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Chicago and Wyoming Gold Mining Co. (110828)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:90.00 USD Estimated At:180.00 - 250.00 USD
Chicago and Wyoming Gold Mining Co.  (110828)
SOLD
190.00USDto l******8+ (47.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 15 @ 10:16UTC-8 : PST
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1871. Number 217 for 10 shares to D. C. Buckland signed by secretary AR Hardin and president Buckland. Printer: Charles Shober of Chicago. Stunning piece with two bold vignettes, gold seal, and green and white background. Uncanceled. From its discovery in 1842 up until 1869 the rich placer mines in the South Pass region were worked with great success. Some of the properties in the area were the Miners Delight at Peabody Hill and the Burr at Lewiston, along with others; eventually, however, the mines were abandoned due to water levels when the base ores were reached. We believe this company was formed by Chicago investors to locate and mine gold properties at South Pass. An Ohio group owned what was called The Young American. Most of the mines were financed by mid-western or British companies. At the end of the 1869 fiscal year it was estimated that $155,000 is gold was produced. That was enough to cause a small rush. The Carissa Lode was first discovered by H.S. Redall in 1867, and paid large returns. He and his partners were killed by Indians. "Indians murdered some of the best young men and miners within the very center of this eight miles of mines, and killed several other citizens in the valley...miners cannot work and at the same time watch and fight Indians." [pg. 375, Raymond, 1872].

Provenance:
Country (if not USA):
State: Wyoming
City/County: South Pass
Date: 1871