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Consolidated Pacific Mining Company Stock Certificate, Bodie, 1887 (110928)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Consolidated Pacific Mining Company Stock Certificate, Bodie, 1887  (110928)
SOLD
50.00USDto A*******d+ (12.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 17 @ 13:33UTC-8 : PST
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Incorporated in California on August 22nd, 1878. Certificate No. 4764 issued on January 4, 1887 to ER Grant, Trustees for 100 shares. Signed by secretary F. E. Luty and president Holt. Seal is embossed in top right corner. Stock is U/C, printed by Lith, Britton. Certificate measures 9"x4". From the Pacific Coast Annual Mining Review and Stock Ledger 1878, p.189



"This property was, until recently, owned by Judge J. G. McClinton, who held it for over thirteen years. The claim is 1,400 feet long by a width of 300 feet, and covers four distinct lodes, viz: The Pacific No. 1, the Pacific No. 2, the Pacific No. 3 and the Sharon lode, with their respective extensions south. Its location is most favorable, being contiguous to the famous Bodie, Bulwer and Belvidere claims. It is one of the four producing mines of the district. Considerable work has already been done on this property, and further developments will be vigorously pushed forward. On Pacific No. 1 lode, the most easterly of the series, a shaft 50 feet deep has been sunk, showing good ore, the vein varying from eighteen inches to three feet in thickness throughout its entire depth. The ground has been stoped from this shaft northerly to the northern boundary of the claim. The ore here produced milled from $40 to $200 per ton. On Pacific No. 2 lode a tunnel, commencing about 300 feet south from the northern boundary of the claim, has been run northerly on the vein 215 feet. This tunnel, which connects with an air shaft located 125 feet from its mouth, is now being run 20 feet further north, at which point a crosscut to Pacific No. 1 lode will be made. On Pacific No. 3 lode some surface cuts have been made, showing a fine vein of low grade ore. On the Sharon lode a prospecting shaft is now being sunk about 70 feet from the northern boundary, which, at a depth of only ten feet, shows very good milling ore. The main working shaft has been located between Pacific No. 1 and Pacific No. 2 lodes, 535 feet from the northern boundary of the claim, and is now being pushed rapidly downward. All the four lodes will be worked through this shaft. Ore will continue to be extracted through the tunnel on Pacific No. 2 as at present. This main shaft is located about 300 feet westerly from the Bodie shaft. As the ground is easily worked, operations can be advanced rapidly, and no trouble from water need be apprehended. About 40 tons of ore now at mi mouth of the tunnel assay !5i35.4() gold, and $1.5G silver per ton. Ore taken from the shaft assayed $65, and some taken from the open cuts in the northern end of the veins assayed from $400 to $800 per ton."

Provenance: Ken Prag Collection
Country (if not USA):
State: California
City/County: Bodie
Date: