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Hite Gold Quartz Company Stock, Hite's Cove, Mariposa County

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:60.00 USD Estimated At:120.00 - 250.00 USD
Hite Gold Quartz Company Stock, Hite's Cove, Mariposa County
SOLD
70.00USD+ (17.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Oct 20 @ 09:38UTC-7 : PDT/MST
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#693 for 100 shares to Augustus Thomas. Datelanined New York 1881. Signed by secretary John (?) and president William Clark. Uncancelled. Vignette of 'El Capitan'. No edge, corner or discoloration issues. Only a few small pin holes. This is a great stock for our Western collectors as it features that vignette of El Capitan in Yosemite. Inc. in New York. Printed by ABN. 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]. Prag Collection City: Hite's Cove State: California Date: 1881 HWAC# 79205