1405

Father De Smet Consolidated Gold Company Stock Pair Plus Receipt [201470]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:10.00 USD Estimated At:130.00 - 200.00 USD
Father De Smet Consolidated Gold Company Stock Pair Plus Receipt [201470]
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Lot of 3. 1) Stock issued to ER Grant in 1882, signed by George Hearst partner JB Haggin (punch cancelled) as president. Blue border with Father De Smet vignette. ABN. 2) Unissued stock, but signed by Fred Clark as president (related to William A. Clark) and secretary Drum. 3) 1897 stock transfer sheet. George Hearst commented when he first went forth on this mine that it was the best mine he had ever seen. But by May, 1878 he came to the realization that the Father DeSmet "didn't hold a candle to the Homestake." It had a lot of exposed ore on the surface, but the underground was lacking, or so he thought. Hearst had paid $400,000 for the mine, and within seven months had no interest in keeping it. More research is necessary to find out if the Hearst- Tevis - Haggin triumvirate kept the mine, a "piece" of the mine, or sold it out completely.
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Date: 1882
Country (if not USA):
State: South Dakota
City: Lead
Provenance: Homestake Mine Geologist Dave Shaddrick Collection