5541

Jo Lane Gold and Silver Mining Company Stock (88711)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:300.00 USD Estimated At:600.00 - 900.00 USD
Jo Lane Gold and Silver Mining Company Stock  (88711)
SOLD
300.00USDto V********e+ buyer's premium (75.00)
This item SOLD at 2019 Mar 11 @ 14:41UTC-7 : PDT/MST
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We have not seen this certificate before. # 8 for 5 shares to HW Bradley. Signed by RW Heath and secretary (?). Dateline San Francisco 1863. Incorporated July 9, 1863. 25c Insurance revenue stamp. Not cancelled. Staining on back shows through Wrinkles. Overall nice. Mountain mining vignette and semi-nude allegorical woman vignette. Britton & Co. printer. This stock certificate is one of the Front Street consortium. Instead of investing in stock, they invested in mining companies and sold stock. This group of San Franciscans Benjamin Silliman Jr to promote their companies. The report neatly ties together and describes the 30 mines. However an assay of over $5000 a ton should have given an investor pause. Ore could be worked for $40 to $50 a ton. The big Comstock companies were working at $100 a ton. Benjamin Silliman, Jr. was essentially a hired gun. Benjamin Silliman, Sr., a Yale chemist, had been one of America’s preeminent scientists, and the son had closely followed the father’s footsteps, specializing in chemistry, mineralogy and metallurgy, serving often as a consultant to government, business and industry. H. (Henry) W. Bradley, President of the Chicago, was a partner in the photographic art gallery Bradley and Rulofson, 429 Montgomery St., and an importer and jobber of photographic and ambrotype materials, 622 Clay St. R. (Richard) W. Heath, President of the Apollo and the Black Ledge, was a member of Heath & (Charles R.) Allen, commission merchants and dealers in tobacco and wood, and Consulate for San Salvador, 609 Front St. [The Bradley Find: Scripophily of a Nevada Mining Venture by Mahler] Prag Collection

Date: 1863
City/County: Reese River
State: Nevada