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Consolidated Channel Mining Co. Stock Certificate, Roughy & Ready, 1879

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Consolidated Channel Mining Co. Stock Certificate, Roughy & Ready, 1879
SOLD
800.00USD+ (200.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 16 @ 17:49UTC-7 : PDT/MST
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Location: Rough & Ready, Nevada County. Incorporated in 1874. Cert. #22 issued to Charles C. A. Duisenberg for 1 share. Signed by A.E. Eberhart, president, and F. Delanza, secretary. Vignette at top of dog guarding safe. Black border on crème paper, embossed seal. U/C. Printer not noted. Datelined San Francisco. 4 ¾" x 9.” The area was known for its rich gold deposits, as well as its colorful name. In the excitement of Marshall’s discovery at Coloma, a party of gold-seekers left Shellsburg, WI, led by Captain A.A. Townsend, who had served under General Zachary Taylor, “Old Rough and Ready,” during the Mexican War. Taking that name, the party called itself the Rough & Ready Mining Co., in honor of the General, and when they arrived at their destination, they gave their camp the same name. The area proved to be quite rich and there is even one report of a miner finding an 18 pound nugget. The Townsend group extracted more than $40,000 in just a few months and knew that they could make even more if they had more people to work. The captain returned to Wisconsin and rounded up 40 men to come with him to California; he agreed to pay their expenses if they would agree to work for him one year and split their takings fifty-fifty. When they got back to California, however, they discovered that the secret was out; the entire diggings were covered with tents and busy miners working every available area. Here’s an addendum to the story: While he was gone, Townsend missed a history-making event, for on April 7 of 1850, Rough and Ready became the first town to secede from the United States. The citizens were apparently fed up with the government after a mining tax was imposed on all claims, and at the lack of law and order in the area which local authorities would do nothing about. Legend has it a town meeting was called to discuss the problems and the resulting solution was to secede from the United States and form the Great Republic of Rough and Ready, answerable to no sovereignty but themselves. Accordingly, a constitution was drafted, a president elected, and a cabinet formed. The miners chose E. F. Brundage as their president and his first act was to appoint a Secretary of State and a Republic Marshall.The Republic lasted approximately three months. As the Fourth of July approached, the neighboring towns commenced preparing grand celebrations, which would include speeches, parades, and other festivities. The citizens of Rough and Ready felt left out, and before long, patriotism replaced their displeasure with the government. Besides, they wanted to celebrate. At the last minute a mass meeting was called and the Independent Republic of Rough and Ready was dissolved. Plans were immediately begun for their own Fourth of July event[Ref: www.pennvalleycoc.org/html/area_history.html].

Date: Location: Nevada County, California HWAC# 572008