Palmer & Day's Assay Office - Gold Dust Receipt, rec'd from J.H.C. Baker [163551]

Currency:USD Category:Collectibles / Mining Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
Palmer & Day's Assay Office - Gold Dust Receipt, rec'd from J.H.C. Baker [163551]
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Palmer & Day's Assay Office in Folsom, CA, - Receipt dated Dec. 17, 1864 - No. 6590 Assay receipt for 39 oz. of Gold Dust under an advance of $500 from J. H. C. Baker. Palmer & Day were bankers at an assay office in Folsom and Gold Hill Nevada during Civil War years. They started in California during the Gold Rush as assayers and gold dust buyers. Black on white with a two-cent blue Bank Check Washington Internal Revenue stamp. Vignette of Hydraulic mining to the left. Signed by Palmer. Printed by Towne & Bacon, Printers, San Francisco. Very Fine. Folsom. Palmer & Day: Palmer & Day were assayers and bankers in California. The pair got their start in Folsom in 1860, where Palmer established an assay office and Wells Fargo Express office. The pair expanded the assay business to Gold Hill in Nevada Territory in 1861, opening a bank there as well for a short period of time. Day, a young man of 23, ran the business and lived in Gold Hill. They sold the Gold Hill assay office less than two years later to Harvey Harris, who moved to Gold Hill from Marysville. Apparently, the Palmer & Day bank was kept open for a few months after the sale of the assay business, probably to facilitate closure. The Folsom office remained open for some time. Charles Theodore Hart Palmer established and built the first school in Sacramento in 1849. In 1860 he made the preparations for the Carson Valley Expedition that went to defend the honor of the Indian massacre near Pyramid Lake. He married Sherman Day's daughter. Roger Sherman Day was the son of Sherman Day, who was a prominent '49er and mining man. Sherman Day was an engineer at New Almaden (1861) and Folsom, among other places. In 1855 he wrote a treatise on the wagon roads that crossed California. In all likelihood, Sherman Day was C. T. H. Palmer's real business partner, and Palmer hired his son through family loyalty to help him learn the business trade. Checks from Palmer & Day in Folsom are scarce, and those from Gold Hill quite rare. Assay receipts from either location are R7, Extremely Rare. Size: 8.375 x 3.5 inches.

Date: 1864
Country (if not USA):
State: California
City: Folsom