Magnum Bonum Quartz Mining Co. Stock Certificate (102170)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:350.00 USD Estimated At:700.00 - 2,000.00 USD
Magnum Bonum Quartz Mining Co. Stock Certificate  (102170)
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Never seen by us. This company operated on Poor Man's Ledge near Spanishtown (now Yankee Hill) in Butte County in 1857. A July 31, 1857 Daily Alta California article calls the Magnum Bonum quartz lode "one of the richest in the state" and that "a company has been formed who will shortly build a mill." The Yankee Hill Historical Society has a database of mining claims where we also found references to this company and other claims owned by members of this company (D.H. Barney and H Childers) on Poor Man's Ledge, Feather River, at Yankee Hill and Deadwood. One of the other claims is specifically mentioned as adjacent to the Magnum Bonum. All were also filed in 1857. This stock is No. 17, issued to secretary Daniel H. Barney for one share. No date. Signed by Barney and Childers. Not cancelled. Red print on light blue paper. 3.75 x 8.25" Folds, stains. The stock states that the total number of shares is only 26, with Capitol Stock, $6,500. Yankee Hill was first called Rich Gulch when it was settled in 1850. It was renamed Spanishtown with the arrival of Chilean and Spanish miners in the 1850s. It was finally renamed Yankee Hill after an influx on New Englanders. {Ref: https://yankeehillhistory.com/wp-content/uploads/2016/08/YHHS-Index-Mining-claims-Butte-County-by-Date-8-16-16.pdf; CDNC]

Provenance: Ken Prag Collection
Country (if not USA):
State: California
City/County: Butte County
Date: c1857