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Dahlonega Consolidated Gold Mining Company Certificate 1

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
Dahlonega Consolidated Gold Mining Company Certificate 1
SOLD
325.00USD+ (81.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 17 @ 10:51UTC-7 : PDT/MST
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Number 2311 issued to Dr. Frank L. Stillman for 90 shares in 1905. Signed by president DC Shaw and secretary JP Coates. Gold Seal. Vignette of the state capital. 1/4" rip at horizontal fold and holes at fold intersections. Bottom left corner is folded under. Good condition. The Georgia Gold Rush was on. It was a placer mining party. And the Dahlonega Mine was at the center of the rush! But when the surface gold was all washed away, mining came to a standstill. After an interruption of operations at this mine site, a group of investors purchased about 7,000 acres of land around the discovery sight and formed the Dahlonega Consolidated Gold Mining Co. in 1895. The Consolidated constructed the largest stamp mill east of the Mississippi River (four-stories with 120 stamps). But the mine soon folded in 1906.The mine's lower workings became flooded and lay dormant until seventy-five years later, when the site came under new ownership. . Consolidated Gold Mine is still open today for tours and mining! One of the major investors and stockholders in the Consolidated Gold Mining Company was Frederick Pabst - like in Pabst Blue Ribbon Beer. [georgiaencyclopedia.org and wikipedia] Includes two modern postcards with old Dahlonega mining scenes. Stillman was a Columbus, Ohio physician. He was married in May of 1905 and bought this stock in October. His wife would be killed by a street car in Chicago in 1907. Dr. Stillman was head of the Chicago Insane Asylum at the time. These officers are not found in the original 1899 prospectus, and clearly the management of the company had changed by the time this certificate was issued. These certificates may also reflect a new underwriting. These certificates are rare, with only two located by Mr. Adams over his extensive career. (Al Adams Gold Rush Memorabilia Collection) Date: 1905 Location: Dahlonega, Georgia HWAC# 56974