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Garibaldi Mining Company - G. T. Brown lithographer (86707)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Garibaldi Mining Company - G. T. Brown lithographer  (86707)
SOLD
190.00USDto F****e+ buyer's premium (41.80)
This item SOLD at 2019 Jan 26 @ 15:05UTC-8 : PST/AKDT
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Very rare. Wild Rose Spring District, Inyo County, California. No. 126, issued for 100 shares to William Willis, Trustee on March 10th, 1876. Signed by N.B. Stone as President and William Willis as Secretary. Not cancelled. Vignette at left of Garibaldi. Lith. by African-American lithographer Grafton T. Brown. Some light soiling, but overall very nice condition. The Garibaldi was discovered by a group of Italian men--Joe and Zeff Nossano, Joe Lanji, and Charles Andrietta--shortly after the discovery of Panamint City. The group located 8 silver mines, including the Garibaldi, North Star, Star of the West, Maria, and Polar Star all located in the northeast portion of the district, five miles east of Emigrant Spring, and overlooking Death Valley. The Inyo Independent published the following account: "Among them is the 'Garibaldi' mine, a very large lode, showing on the surface hundreds of tons of rich ore. An average sample of the ores of this mine, assayed by J. L. Porter, of Cerro Gordo, yielded $238.18 per ton in silver. This remarkable discovery has been visited by a number of mining men from Panamint, Cerro Gordo and elsewhere, all of whom pronounce it as showing on the surface a larger amount of rich ore than they have ever seen before." Two months later, a second mention by the Panamint News: "Their principal mine, the Garibaldi, has an outcrop of an average width of sixty feet; with metalic ore assaying from $400 to $1,800 per ton, the greater portion of which is free milling ore; a large percentage of the ore can be sorted and worked by smelting." In 1875, the Garibaldi, North Star, Polar Star, Star of the West, and Maria mines were sold by the Nossano brothers to a San Francisco syndicate for $70,000 and the new company was incorporated under the name Garibaldi Mining Company. William Irwin--future superintendent of the Standard Mine in Bodie--took over as superintendent and work continued, including a 100-foot incline run down on the hanging wall and an 18-foot tunnel that had been started to tap the rich ledge. Irwin, who was better acquainted with Oregon mining geology than California, misread the rocks and thought that the ledge had tapped out. This caused production to cease and Irwin went to Bodie. Later reports indicate the mine changed names to the Blue Bell in 1883. More detailed history is included and can be found at https://www.nps.gov/parkhistory/online_books/deva/section3b2r.htm. Cut a little ragged on bottom and three pin holes. Very nice. Prag Collection State: California City: Inyo County, Wild Rose District Date: 1876