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Idaho Mining and Irrigation Company Gold Bond with Sinking Fund

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:60.00 USD Estimated At:120.00 - 200.00 USD
Idaho Mining and Irrigation Company Gold Bond with Sinking Fund
SOLD
50.00USDto a*******u+ buyer's premium (12.50)
This item SOLD at 2018 Mar 17 @ 11:55UTC-7 : PDT/MST
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Number 533 for $1000. Signed by secretary and president. Native American vignette on bottom. Coupons 21 through 36 still attached. One vertical fold. Near pristine condition: No pinholes, dog ears, staining, rips or tears. 16 x 14.5". "Irrigated farming started on a substantial scale in Boise Valley the season after gold discoveries in Boise Basin, August 2, 1862, brought a rush of miners to the region. By 1864 farmers occupied all the land near the river that could be irrigated by direct diversion. Canals to water more desert land gradually were dug farther out into the valley, but two decades went by before construction of the major Boise Valley canal got underway. New York capitalists, in search of promising opportunities for large scale investment, undertook that project after 1882. Mining as well as reclamation entered into the plans of the New York investors. Incorporating the Idaho Mining and Irrigation Company, June 23, 1882, they hoped, through gold production to recover some (if not all) of their cost of building a major canal that would have a permanent future serving potential farm land that existing irrigation systems could not reach. Water not needed for reclamation during the summer could be used to work many miles of Snake River placers. Snake River fine gold was attracting a lot of attention at that time, and if anyone ever had figured out an economical recovery process, a large number of expensive New York canals could have been constructed." [Idaho State Historical Society Reference Series,Number 190] (Al Adams Gold Rush Memorabilia Collection) Date: 1890 Location: Boise, Idaho HWAC# 55051