1453

Excelsior Drift Gold Mining Company Stock Certificate, Sierra City, 1891

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 150.00 USD
Excelsior Drift Gold Mining Company Stock Certificate, Sierra City, 1891
SOLD
50.00USDto b*********r+ buyer's premium (11.00)
This item SOLD at 2018 May 07 @ 15:32UTC-7 : PDT/MST
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size of the package(s). NOTE: Some shipments (of unusual size, dimension, or weight) may require sp...
We have had several of these stock certificates in the past - but unlike the others this is issued! Number 428 for 300 shares to Jules Pache. Endorsed on back by Pache.Signed by John J Bauer and JH Roberts. Typed on certificate is Location of works Sierra County; place of business Sierra City. Stamped over office is Sacramento and hand written over works is Sac City and Sierra county. The location of these works was throughout Sierra County. The mine seemed to be in operation until at least 1952. Some writing has run. pinholes, dog ears, etc.

“In mining was made on Oct. 1st, 1887, at Sierra City, by the incorporation of the Excelsior Drift Gold Mining Company; the capital stock being $60,000; the shares (300,000) twenty cents each. The incorporators are all Sierra men. This drift mine was formerly known as the “Deacon Long Claim,” and is situated between the Caledonia, and Cornet Companies' claims in Cedar Grove, near St. Louis and Grass Flat, on the gravel channel between Howland Flat and Scales' Diggings. This channel, sometimes known as the Port Wine or Eastern Slate Creek Basin Gravel Channel, has been successfully washed by numerous companies, above and below the Excelsior, ever since 1850, and has yielded more than $40,000,000 in gold. It is worked yet by many companies, and still produces largely. Recent explorations prove it rich wherever the channel is reached. Lately, in the old Western Claim, that has lain untouched for years, at Happy Hollow, below the Excelsior on the same channel, - operated now by W. S. Chapman, of San Francisco, the principal owner of the Pioneer Mine in Grass Flat, - most valuable results have been obtained, by the expenditure of some money in previous “dead-work.” Above and below the Excelsior, many hydraulic mines were operated on this channel, until stopped by the anti-debris people of Sacramento valley, many of whom (the Sierra Tribune remarks) have in former years mined and made their first raise, or so-called “stake,” out of the very mines they are now fighting against so bitterly. “The times change, and we change with them,” sayeth the proverb. The prominent drift mines worked at some time or other with large results above the Excelsior, are the Caledonia, Star, Greenwood,£etc., at Cedar Grove ; various mines at Pine Grove ; and the Union, Pittsburgh, Hawkeye, Down East, Shirley, Monumental, Empire, Bonanza, Hibernia, French, and others at Howland Flat and Potosi. Below the Excelsior were also worked with profit the Cornet, Union, Challenge, Monte Cristo, Golden Gate, Eagle, Erie, and others, all well known. Each mine has yielded many hundred thousand dollars in gold, and the fortunate ones are enjoying themselves either in the lower counties or in the East. Hydraulic mining has, during the last three years, received a decided check, the people of the lower counties, especially of Yuba and Sutter, having formed themselves into a sort of “Committee of Necessity” to aid the enforcement of the law against washing down auriferous gravel banks, the debris from which is filling up the great rivers of the State.” ["California as it is..." published by Proprietors of the Daily and Weekly Call, 1888. HWAC# 60671 Date: 1891 Location: Sierra County, California