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Grutt Brothers Signature on Rawhide Telephone and Telegraph Stock Certificate [145278]

Currency:USD Category:Collectibles / Autographs Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Grutt Brothers Signature on Rawhide Telephone and Telegraph Stock Certificate  [145278]
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Rawhide Telegraph and Telephone Company stock certificate, preferred, cert # 11, issued to Charles Grutt, 2000 shares @ $1 each, signed by Fred Grutt/President. W.H. Whitmore/Resident Agent. Incorporated January 22, 1908. Note: although prominent Goldfield capitalists, including Walter Whitmore, were responsible for the formation of the RT&TCo, the four Rawhide mine-owning Grutt brothers eventually became the major players as well as being major players in the formation of Rawhide itself. The company sent its first message via telegraph on Feb. 21, 1908. Additional Note: the mining boomtown of Rawhide, NV was located some 55 miles southeast of Fallon and some 35 miles northeast of Hawthorne. Gold and silver were discovered there in 1906. However, the encampment's explosion to a population which reached 7,000 in 1908 was more attributable to greed and exploitation rather than the actual amount of ore that was eventually extracted. Actor Nat Goodwin proved the perfect front man for flashy con-artist and stock swindler George Graham Rice who came from Goldfield to promote the riches of Rawhide and who was eventually arrested for mail fraud. Goodwin became the face of the Rawhide mines which never came near to approaching the output of the Comstock Lode mines or any other Nevada mines of that era. Rawhide’s hey-day was short-lived; by 1910 only 500 remained as miners/speculators moved on to the "next big thing." The post office closed in 1941 while the last remaining resident left town by 1967. Fast-forward to the late 1980s when the Rawhide-Denton open pit mine completely overran the original settlement. Those operations ceased in 2003, the mining site was re-permitted as a landfill, and today, nothing there remains of famous/infamous Rawhide. City:Rawhide (long gone) State:Nevada Date: