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Miners Consumnes & Deer Creek Water & Mining Co. Promissory Note, Prairie City 1854 [155329]

Currency:USD Category:Collectibles / Mining Start Price:50.00 USD Estimated At:500.00 - 1,500.00 USD
Miners Consumnes & Deer Creek Water & Mining Co. Promissory Note, Prairie City  1854 [155329]
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This item SOLD at 2024 Nov 26 @ 14:55UTC-8 : PST/AKDT
FINAL AUCTION RECORD The Auctioneer’s podium notes serve as the final, legally binding record of the auction results, superseding any electronic bidding records. See Terms and Conditions
A very rare Prairie City, California dateline. Promissory note No. 17, datelined Prairie City, Cal., March 25th, 1854. Promise to pay $893.73 to D.B. Munger with the interest rate of 3% per month. Signed by J.E. Meacham, president, and Turner, the secretary. This mine was capitalized at $100,000 and was located just each of Rancho Cordova on Deer Creek flowing into the Consumnes River. The mining office was in Prairie City, a Gold Rush mining community on the American River near Folsom. Dredging in the early 1900s is believed to have covered the townsite in river rocks. In July 1853, Prairie City reached the height of its prosperity, and included fifteen stores and ten boarding houses and hotels. Two stage lines operated daily. A $50,000 quartz mill operated there in the 1850s. Folds, light other wear. 3.75 x 8.25" [ Prairie City California