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Murchie, Amalgamated, Empire, California & New York Oil, etc. Letter and Amalgamated Oil Stock (55

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:30.00 USD Estimated At:60.00 - 150.00 USD
Murchie, Amalgamated, Empire, California & New York Oil, etc. Letter and Amalgamated Oil Stock   (55
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1) The letter acknowledges the new bondholders of these mines (and others) and gives a quick history where things are. Dated November 1, 1909. "The holdings of these accounts are believed to be of great value but on account of improper management, they have failed to return to the bondholders the profits they might reasonably expect. For example the Amalgamated Mining and Oil has been looking for a British investor, but found none. This company has been in default since January 1, 1908. Then there is the Murchie Consolidated of Nevada City. In 1906 the United States Investor devoted a column to this mine. Original investors paid 20 cents a share and now the stock is at $1.00 a share. The mine is being extensively developed until a mill can be found to work the ore. In 1906 the Murchie was consolidated with the Banner, Deadwood, Le Compion, etc. to form the Murchie Consolidated. All I can say is good luck to Frank B Adams publisher, Charles Auel physician, John McComb civil engineer, et al. 2) Amalgamated Mining and Oil Company Stock Certificate. Number 3091 issued to ET Williamson for 240 shares on April 1, 1907. (Purchased after the company quit paying debt!). Signed by Goodman and Hellop(?). Two vignettes: Underground mining and oil. Two vertical folds. No pin holes, dog ears, rips or tears. Fabulous condition! In 1911 the Murchie and the Amalgamated Mining and Oil were mentioned by name as part of a $2,000,000 stock fraud in the Los Angeles Herald! 2) Number 6429. $200. All 80 coupons attached. Signed by W Fraser(?) secretary and Goodman president. Two vignettes: ore cart at mine entrance and oil rig. Some small tears at edges. Three pages total. Each page is 14.5 x 10". In 1911 the Amalgamated Mining and Oil Company was mentioned by name as part of a $2,000,000 stock fraud according to the Los Angeles Herald!

Date: 1907
State/Country: California
City/County: Nevada City