SOLD
150.00USD+ (33.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2015 Apr 18 @ 13:32UTC-7 : PDT/MST
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Four mortgage bonds from the Waddington Gold & Silver Mining Company. All issued to trustee John P. Newkirk on August 1, 1867. Numbers 19, 30, 106 and 307. Signed by James Hobart and James Selleck. For research purposes there is a copy of the 1866 stock certificate and part of the indenture of Christian and Louis Wahl.
The South Boise district was discovered in 1863 by placer miners from the Boise Basin. One of the early promoters and property owners was H. T. P. Comstock, who owned the Elmore claim that boasted of $325 gold per ton. Comstock played up the Elmore as being as rich as the district given his name, the Comstock Lode of Virginia City. South Boise drew nearly 1800 men by the summer 1863, but did not experience the expected 8000+ prospectors expected by the spring of 1864. The district struggled with production from lode ore for lack of milling and transportation, but had plenty of rich ore on hand. The primary milling technique was arrastras. But this process was exceedingly wasteful with H. T. P. Comstock was noted as being “disturbed to recover $10 to the pan from tailings taken 100 feet below his arastra.
William Waddington was on the scene early and recognized the milling problems. He gathered up several ore samples from his own the claim the Elmore and from selected others and them assayed in Portland. The results were outstanding: averaging $800 per ton with assays as high as $7,000. A toll road was completed to South Boise by September, 1864 which allowed for Waddingham, and his partner, J. W. McBride, to haul out 7 tons of ore, transporting the load to Portland. Waddingham was able to erect a mill through his New York financiers, the Waddingham Gold & Silver MC. Unfortunately, by 1865 the district was suffering from unscrupulous promoters who left a bad taste in the pocket books of potential South Boise investors. The New York Victor Co was the notorious of the scams. Waddingham stuck it out within the district, but had several milling set backs, not to mention any transportation improvements to the district. Completion of the Oregon Short Line finally in 1882-83 finally allowed for the district to enjoy some prosperity. (Idaho State Historical Society).
City: Rocky Bar
State: Idaho,
Date: 1867
FHWAC#: 25738
Auction Location:
3555 Airway Drive Suite 309, Reno, Nevada, 89511, United States
Nevada State Sales Tax
Taxes:
| Tax | Rate | Desc. |
| NSST |
7.75% |
Nevada Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
22.5% |
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Western Prospects: Discovering
Americana & Numismatics
Absentee Bidding will end
Thursday, April 9th, 2015 at 5pm PDT,
Internet bids accepted any time
Terms and Conditions
1. This is a Live Auction conducted by Holabird’s Western
Americana Collections LLC (HWAC).
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generally reserved at or near spot, though it could be slightly below
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From: To: Increment:
$1 $95 $5
$100 $190 $10
$200 $475 $25
$500 $1,450 $50
$1,500 $3,400 $100
$3,500 $9,750 $250
$10,000 $max $500
9. Bid Reduction: All winning absentee bids will be reduced, if
necessary, to the next bidding increment up from the last competing
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example, if you submit an absentee bid of $1000 and the next highest
competing bid is $250, then you will win the lot for $275.
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of a particular lot. We will give out the current high absentee bid until
we close the day before the live auction. You may also view absentee
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12. All stock certificates, checks, warrants, and other financial
documents sold herein are sold as antiquities, and have no
financial, securities, or public trading value whatsoever.
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14. The placing of a bid shall constitute the bidder’s acceptance
of these terms of sale.15. Buyer’s Premium: There will be a 19.5% Buyer’s Premium
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a 15% buyer’s premium. These premiums include a 3% discount
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discount and the Buyer’s Premium will be calculated at 22.5%
(18% on US coins, gold, & currency.)
15.Buyer’s Premium: There will be a 19.5% Buyer’s Premium
added to each lot. US coins, nuggets, and bullion are calculated at
a 15% buyer’s premium. These premiums include a 3% discount
for transactions paid with cash, checks, money orders or wire
transfers. All other forms of payment are not subject to the 3%
discount and the Buyer’s Premium will be calculated at 22.5%
(18% on US coins, gold, & currency.)
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Collections, 3555 Airway Dr., #308, Reno, NV 89511. Sales tax will
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the lot(s) appeared, or at subsequent private or public sale, or relist
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future Holabird’s Western Americana auctions.
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preview to see lots in their entirety. Conditions are not always
noted, and large lots may not be itemized due to catalog restraints.
For questions, detailed information, or additional images of any lot
please contact our office at 775-851-1859. Bidders are responsible
for understanding the condition of items. Conditions noted are
subjective, and may differ in the opinion of different people or
collectors.
22. Return Policy: All items are guaranteed to be authentic unless
otherwise noted. If authenticity is challenged, please call our office
for assistance. You may return any piece that was significantly
inaccurately described by calling our office within 15 days of
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return. We do not refund postage or insurance. We have attempted
to describe the items and their condition accurately. If no condition
is given, assume average. Please call us if you require a more
specific condition report. Any items that are returned must be
returned in the exact, unaltered condition. NGC certified tokens
that are returned must be original, unaltered NGC holders. Any
tokens removed from the original NGC/NCS certification holders or
items returned in an altered condition are deemed not returnable
under any circumstances. When we receive your bids we will
assume you have read the description in the catalog, viewed the
image of the item, have contacted us regarding any questions you
may have on any lot and/or have previewed the lot in person.
Therefore, returns are only accepted if prior approval is given by
Holabird’s Western Americana Collections.
23. This sale is being held under the laws of the state of Nevada,
without reference to choice of law rules.
24. HWAC shall not be held responsible for any problem
due to the bidders failure to follow the rules, terms and
conditions of this sale, or any failure to bid due to the loss
of the online auction process provided by any of the online
auction networks; or missed bids, changed bids or cancelled
due the bidders failure to follow the proper bidding procedure
outlined herein.
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Bidder accepts these Terms and Conditions, and specifically agrees
to the dispute resolution provided herein.
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incidental damages, compensatory damages, or any other damages
arising or claimed to be arising from the auction of
any lot. Bidder’s sole remedy for any proven act or omission shall
be rescission of sale and refund of the amount paid by Bidder.
27. Any claim, dispute, or controversy in connection with, relating
to and/or arising out of the Auction, participation in the Auction,
award of lots, damages of claims to lots, descriptions, condition
reports, provenance, estimates, return and warranty rights, any
interpretation of these Terms and Conditions, any alleged verbal
modification of these Terms and Conditions and/or any purported
settlement shall be exclusively heard by, and the parties consent to
exclusive in personam jurisdiction of, the Superior Court of Washoe
County, Nevada. THE PARTIES EXPRESSLY WAIVE ANY RIGHT TO
TRIAL BY JURY. Any claim must be brought within one (1) year of
the auction from which the claim arose or the claim is waived. In
every case, the prevailing party shall be entitled to an award of its
attorney’s fees and costs.