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Hite Gold Quartz Stock 1881 [187910]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:120.00 - 160.00 USD
Hite Gold Quartz Stock 1881 [187910]
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Issued 1881 Hite Gold Quartz stock. El Capitan vignette. 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]. [ Mariposa county California