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Newton Copper Mining Company Stock, Mt. Echo and Newton Mining Districts, Amador County, Cal [123662

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Newton Copper Mining Company Stock, Mt. Echo and Newton Mining Districts, Amador County, Cal [123662
SOLD
200.00USD+ (50.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Dec 18 @ 15:27UTC-8 : PST/AKDT
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Datelined Ione City, April 2, 1867. 5 shares to S. B. Meader. Incorporated Feb. 13, 1864 and capitalized at $540,000. Rare usage of five 5 cent Internal Revenue Express stamps on front; on back a 25 cent Power of attorney stamp. Crocker printer. Some small discoloration, dog ear and rough cut on bottom. Overall nice. Located three and a half miles east of Ione, the Newton Mine was located early in 1863 during the California's first copper boom and was worked extensively after that date into the mid 20th century. The Newton Copper Mining Company initially shipped to San Francisco in mid July 1865, about one hundred tons of ore. Work was suspended temporarily, to put up new machinery. When finished, about thirty tons of ore per day were mined. The ore was shipped to San Francisco by teams, to the care of Duck & Suydam, and forwarded by steamer to Meader, Lolor & Co., San Francisco which were importing, shipping and commission agents at 405 Front St., S. F. In 1889 the ore was shipped to smelters as far as Liverpool, England. Total mine production to the end of 1946 was 5,461,132 pounds of copper. The mine has been idle since August 1, 1947. [SDU 8-17-65, Langley's San Francisco Directory for 1866] The first Newton claim was filed on July 8, 1861 by the Union Copper Mining Company in the Mt. Echo Copper Mining District. It has been noted that the Newton is credited with being the first "incorporated" mining company in the United States. [The Ledger]

Date: 1867
Country (if not USA):
State: California
City: Ione
Provenance: