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Mokelumne Hill Canal & Mining Company Share Purchase Receipt

Currency:USD Category:Collectibles / Mining Start Price:150.00 USD Estimated At:300.00 - 600.00 USD
Mokelumne Hill Canal & Mining Company Share Purchase Receipt
SOLD
300.00USDto C*****r+ (75.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2018 Mar 16 @ 16:12UTC-7 : PDT/MST
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Datelined Sept. 1, 1852. A purchase receipt from the Mokelumne Hill Canal and Mining Company: received of A.P. Breyton $250 dollars, it being the second installment on ten shares in the company. Signed by H.L. Clark the company treasurer. The Mokelumne Hill Canal and Mining Company was organized in 1852, and a 16 mile canal was constructed for $180,000 from the South Fork of the Mokelumne River to the mining and agricultural districts around Mokelumne Hill. The area boomed with the arrival of water in 1853. This company was one of a number of western financed ditch companies organized for bringing water to the California placer gold deposits and Mokelumne Hill was one of the richest areas of California's Mother Lode. This company was the predecessor for the Mokelumne Hill and Camp Seco Ditch Co. They first built a wood flume but replaced it with a ditch at a cost of $500,000. These ditch or canal companies charged for the water by the inch. In 1853 water arrived from the Mokelumne River and the area boomed. This company later reorganized as the Mokelumne Hill and Campo Seco Canal Company and extended to Campo Seco and mining camps along its course. The company later reorganized as the Mokelumne Hill and Campo Seco Canal Company. (ref: Browne, 1868, p195 and calaverashistory.org) very fine piece. Fold lines and browning on the verso. Date: 1852 Location: Calaveras County, California HWAC# 60858