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Monitor and Northwestern Silver Mining Company of Milwaukee 79736

Currency:USD Category:Collectibles / Rocks, Fossils & Minerals Start Price:1,500.00 USD Estimated At:3,000.00 - 5,000.00 USD
Monitor and Northwestern Silver Mining Company of Milwaukee  79736
SOLD
1,500.00USD+ (375.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Oct 06 @ 11:01UTC-7 : PDT/MST
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Spectacular stock certificate! Eye catching T. Davenport vignette of Monitor Mountain, Monitor Mining District, Alpine County, California. Number 569 for 5 shares to Sarah Mattison. Datelined Milwaukee 1871. Signed by secretary B Lingley and president Edwin Hyde. Located at "Monitor District, Alpine County, California." Not cancelled. Printed by Seifert. 25c Entry of Goods Revenue Stamp. Chartered by the Legislature of Wisconsin. Smudge right border and upper right corner is slightly torn. Impressive stock certificate! Raymond (1874, p55) says that the company, "... consists of a tunnel location starting at a point on the river and running thence nearly east to a point under the center of Monitor Mountain This tunnel is designed to open up the entire belt of ledges on the north side of Monitor Creek, between the river and the town of Monitor. It penetrates under Red Mountain to a depth of 1,300 feet and under Monitor Mountain 1,600 feet. In its course it is expected to open up as many as fifteen or twenty lodes, and among that number the Mountain lode, from which assays have been had ranging all the way from $20 to $3,000." Ore was sampled at the mint in Carson City at $18 a ton. Unfortunately when large quantities of ore were crushed at their mill they did not reach above $9 or $10. Prag Collection. City: Monitor District, Alpine County State: California Date: 1871