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Hillside Mill and Mining Company Stock and Assessment Receipt (88732)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 250.00 USD
Hillside Mill and Mining Company Stock and Assessment Receipt  (88732)
SOLD
100.00USDto b******a+ buyer's premium (25.00)
This item SOLD at 2019 Mar 11 @ 13:52UTC-7 : PDT/MST
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1) Stock: Incorporated Nov. 8, 1877. Certificate #992 issued to Y.B. Bagley for 50 shares. Datelined San Francisco. Signed by Secretary T. Frankenthal and President B.J. Blain. According to Davis, "The early 80s marked a revival in the mines in the area of Pioche. The Hillside, in two years, produced $518,265.45 in silver ore alone" [Ref: Davis, History of Nevada, 1913, p. 943]. Green on crème with vignette of mill at left. 9.5" x 4.25."MIll vignette. Benj. Bore printer. Green on white. Pin holes left. Light folds and discoloration right. Nice. "The Hillside ever since its discovery some sixteen months ago has been in the hands of the Hillside Mill and Mining Company of San Francisco. It first attracted notice in San Francisco in August a year ago where in the stock market it sold as high as $800,000 and it was then that the offer of $500,000 for the mine was refused. The furnace not running up to expectation, the stock declined and the impression was prevalent that the ore could not be worked. Then it was that MD Howell took control of the mine and under his able management soon had everything in splendid working order making the long run of forty eight days and turning out over $82,000 worth of bullion. The next run through was a surprise he running up to ninety days and shutting down only on account of coil turning out bullion to the amount of $170,000 the sum total for the two runs amounting to over $250,000 - the value of the lead not considered." 2) Receipt for the first assessment on this stock certificate. Nice pairing. [Engineering and Mining Journal, Volume 28, October 1879] Prag Collection

Date:
City/County: Bristol Mining District, Eureka County
State: Nevada