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Hite Gold Quartz Company Stock Certificate, 1881, Hite's Cove, CA (near Yosemite)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Hite Gold Quartz Company Stock Certificate, 1881, Hite's Cove, CA (near Yosemite)
SOLD
100.00USDto f*******7+ buyer's premium (25.00)
This item SOLD at 2018 Mar 16 @ 17:01UTC-7 : PDT/MST
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This is a great stock for our Western collectors as it features a vignette of El Capitan in Yosemite. Inc. in New York. No. 697, issued for 100 shares to Augustine Thomas on Aug. 1st, 1881. Signed by William S. Clark, president, and the secretary. Not cancelled. "Hite's Cove, Mariposa County, California" beneath El Capitan vignette. Printed by ABN.Pinholes, folds, ink smudge, overall very fine. 7 x 10.5" The Hite Mine (and Hite's Cove) was located 16 miles from Mariposa on the northerly bank of the South Fork of the Merced River. Burchard (1883) reports it as one of the richest and most productive mines in the county, and the company had installed one of the largest compressors in the state. A shaft was sunk 300 feet below the 900 ft. level, 20 stamps were added to the mill, the dam and flumes were repaired, and roads were built. Unfortunately, all of these costs caused the mine to suspend operation but Burchard has no doubt it will resume again [pg. 63]. (Al Adams Gold Rush Memorabilia Collection) Date: Location: Mariposa County, California HWAC# 59066