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Colorado Central Consolidated Mining Co. Stock Certificate [155590]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:60.00 USD Estimated At:120.00 - 200.00 USD
Colorado Central Consolidated Mining Co. Stock Certificate [155590]
SOLD
150.00USDto P*****8+ buyer's premium (37.50)
This item SOLD at 2023 Jan 21 @ 13:31UTC-8 : PST/AKDT
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"of Georgetown, Clear Creek Co., Colorado" (printed under vignette). Inc. in New York. No. A1166, issued for 100 shares to Hymans & Roon in 1889. Signed by the vice president (illegible) and secretary Martin. Not cancelled. Green border, black print, and nice twin tunnel mine vignette. Homer Lee Bank Note Co. 15 coupons attached. Folds, creases. "The largest mining enterprise ever undertaken In Clear Creek county was inaugurated to-day by breaking ground for the new Colorado Central tunnel. The underground working of the properties belonging to the Colorado Central Consolidated Mining company have at present six miles of excavation, which is being constantly increased by power drills. The new tunnel commences on the north slope of Leavenworth Mountain and will be run a distance of 4,500 feet to cut the Colorado Central vein. It will pass the apex of the mountain at a perpendicular depth of 1,100 feet deep. The tunnel will be eight by seven feet in size with a double track and will be run with three shifts of men working Sargeant power drills. The purpose of this enterprise is to give the Colorado Central railroad a connection with this mammoth treasure vault, and at present the mines are two and one-half miles away, but by tunneling the mountain the ore can be loaded on the cars at the mouth of the tunnel...This is an engineering feat scarcely second to the great railroad loop. The lateral course of the tunnel will cut the famous gold veins of Leavenworth, and open up a country hitherto scarcely accessible because of the great depth of the slide. This is the first time in the history of mining here that a property has proven so valuable as to justify tunneling a mountain to give a railroad connection, but Clear Creek boasts several such properties. This, in connection with the new wagon road leading to and from the famous Sliver Creek mines, and the new brick blocks under contract, will give Georgetown a boom that will bring back the busy days of the seventies when the Silver Queen was the center of the State's prosperity." [Colorado Mining Gazette, Volume V, Number 37, May 7, 1887]

Date: 1889
Country:
State: Colorado
City: Georgetown
Provenance: