3518

Martin White Mining Co. Stock Certificate, Ward District, White Pine County, Nevada 1878

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Martin White Mining Co. Stock Certificate, Ward District, White Pine County, Nevada 1878
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Extra rare. Location: Ward District, White Pine County, Nevada. No. 2243, issued for 100 shares on Dec. 5, 1878 to Randolph Mackintosh. Signed by the president and secretary. Punch cancellations thru signatures. Black border with portrait of notable (probably Martin White himself) on right and mining vignette on left, Fine to VF with light toning. According to Davis, The History of Nevada: “After its discovery in 1876, Ward grew rapidly, and within a year had a population of 1,500. The silver-lead ores, remarkable for their richness, were successfully handled in a furnace, which was built by the Martin White Mining Company. Handsome dividends were paid to the stockholders for a short time. With a depreciation in lead values and the difficulty of obtaining fluxing material, it became necessary to close down the furnace. The ores were of a rebellious nature, and the company was compelled to purchase lead ores from Robinson and Muncy and pure bullion from the Hunter District. A twenty-stamp mill was afterward erected at a cost of $85,000 and proved a failure after an additional $35,000 had been expended in experimental purposes. Ward was completely deserted for twenty-five years. The holdings of the late Martin White and his associates and contiguous ground were taken over by the Nevada United Mines Company in 1906” [Vol. II, p. 1046]. Ward, Nevada got its start in 1876. The town was founded in the spring and grew so fast that by the next winter it would support nearly 1500 residents. The following spring, the town lost nearly two-thirds of its residents. By 1881, the population had fallen to about 300. Date: Location: White Pine County, Nevada HWAC# 572028