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Mariposa Land & Mining Co., 1875, Bond [173461]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:250.00 - 400.00 USD
Mariposa Land & Mining Co., 1875, Bond [173461]
SOLD
100.00USDto d*******f+ buyer's premium (25.00)
This item SOLD at 2024 Apr 13 @ 11:17UTC-7 : PDT/MST
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Mariposa Land & Mining Company, $1000 Bond - Yielding 7% per Annum; signed by Solomon Heydenfeldt as president and Leonard Leavitt as secretary. Bond no. 102 issued in July 1879 in New York, approved in San Francisco, Dec 15, 1875. Not cancelled.
19 out of 20 coupons at $35 each remain attached starting Jan 1877 through to Jan of 1886.
2 vignettes, one of a miner examining a stream for gold with a lumber milling the background (probably depicting the gold discovery at Sutter's Mill) and another of a wagon train fighting off an Indian ambush. Black print by Continental Bank Note Co., New York.

In 1863, the Mariposa Mining Company of New York was established to organize mining operations on the 70 square miles of John C. Fremont's Las Mariposas Estate in Mariposa County, California. The estate encompassed Bear Valley and was encircled by Mount Bullion on the east and the lower foothills of the Sierra Nevada on the west. The Merced River ran along the northern line of the property. The Mariposa Mining Company operated, with some difficulty and constant litigation over title to the estate, until 1874, when it was bought out by the newly formed Mariposa Land and Mining Company of California, which assumed complete ownership of the Mariposa Estate. John C. FrÈmont's wealth declined after investing heavily and purchasing an unsuccessful Pacific Railroad in 1866. FrÈmont served as Governor of Arizona appointed by President Rutherford B. Hayes and served from 1878 to 1881. FrÈmont, retired from politics and financially destitute, died in New York City in 1890. (Prag Collection)

Solomon Heydenfeldt, a well-known San Franciscan attorney and former California State Supreme Court Justice, was President of the company. This company was one of several established from part of the original Rancho Las Mariposas estate, a Spanish land grant owned by John C. Fremont, which he had purchased from Juan Alvarado in the 1840s. In the 1880s it was reorganized as the Mariposa Mining & Commercial Company.

This is a duplicate of our large Mariposa Mining Collection.
Extremely Rare!

Franklin Collection. California