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Josephine Quicksilver Mining Company Stock, Salinas Mining District, San Luis Obispo County

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
Josephine Quicksilver Mining Company Stock, Salinas Mining District, San Luis Obispo County
SOLD
225.00USD+ (56.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Oct 20 @ 10:27UTC-7 : PDT/MST
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size of the package(s). NOTE: Some shipments (of unusual size, dimension, or weight) may require sp...
#403 for 55 shares to Isaac F Block. Signed by secretary G Stacke(?) and president Thomas (?). Datelined San Francisco (San Luis Obispo crossed out) 1880. Printed by Towne & Bacon. Incorporated on January 4, 1864. Mill, sunrise, wagon vignette. One dogear, one corner fold, edge nicks, slight discoloration near top. Otherwise very, very nice! In January 1864, 40 Californios (descendants of the Spanish and Mexican-era settlers in California) and American hopefuls had incorporated to form the Josephine Quicksilver Mining District. Many acquired a share of this promising mine, among them, partners C. B. Rutherford and Walter Murray. Within a few years it became clear that little progress was being made and Rutherford and Murray decided to take action. Rutherford went to San Francisco to raise money by selling shares, many of which neither he nor Murray owned. He was successful and sold a majority of the Josephine Quicksilver Mining District shares for $25,000, also negotiating an additional bonus of $20,000 for himself and Murray. Before that illegal deal could be completed, word leaked out, and the large San Francisco-based Bolton, Barron, & Company cut them out by purchasing a controlling interest. When Bolton, Barron, & Company acquired ownership of the Josephine Mine in 1867, things began to happen, and, in the next three years, the company shipped $280,000 worth of quicksilver out of San Simeon. In the midst of the boom, while prices were still high, the Josephine began to experience hard times and, by 1874, production had dwindled. [Harbor Town Histories online] Prag collection City: San Luis Obispo State: California Date: 1880 HWAC# 79206