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Correspondence Re: California Water & Mining Company (113636)

Currency:USD Category:Collectibles / Mining Start Price:50.00 USD Estimated At:100.00 - 150.00 USD
Correspondence Re: California Water & Mining Company  (113636)
SOLD
30.00USD+ (6.60) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Aug 30 @ 12:03UTC-7 : PDT/MST
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Lot of 7. 1) 1898 letter to Thos. M. Clark of Newark, NJ, to get his proxy to vote at a meeting for the California Water & Mining Co. 2) 1903 letter from JJ Crawford, Mining Engineer, to the Bank of CA in SF. He responds to their inquiry about the company: "I know the property generally, and that their water rights and franchises are valuable..." and that their manager is "a very level headed and good business man." Comes with typed copy of letter. 3) 1903 Bank of California letter to Wm. R. Pents where they relay the information of the Crawford letter. Comes with typed copy. 4) Two other pieces of ephemera including a newspaper clipping and a piece of paper listing this mine and many others. Our company sold an 1880 prospectus for the company which gives the following background info: they had the right to over 700 square miles of water rights on the Georgetown Divide in Eldorado County, Ca. The area encompassed elevations between elevations 2500 and 7500 feet between the middle and south forks of the American River. The area overlaps portions of the Placerville and Forest Hill divides. An attached fold out map (18 ¾ X 13 3/4 inches) details 21 reservoirs, 41 named ditches running over 257 miles. Each of the 41 ditches are named and described in size and length with the Main Ditch running 34 miles. The capacity of the company’s reservoirs is calculated at over 10,000,000,000 gallons. Sales of water to towns and mines yielded over $30,000 per month. Additional non-mining revenue came from lumber sales of some $8,000 per month. The Company also owns 16 placer mining properties, one quartz mine and one copper mine. Some of the placer mines cover very large gravel deposits; the Mount Hope property is some 160 acres. Besides the Georgetown mining area, the area includes Michigan Bar, Mormon Island and Volcanoville. The Company was capitalized in New York at $10,000,000; 500,000 shares at $20 per.

Date: 1898-1903
Country if not USA:
State: California
City: El Dorado County
Provenance: Fred Holabird Collection