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Rough & Ready Consolidated Gold Mining Co. Stock Certificate, Bodie, 1879

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:250.00 USD Estimated At:500.00 - 1,000.00 USD
Rough & Ready Consolidated Gold Mining Co. Stock Certificate, Bodie, 1879
SOLD
550.00USDto i*****l+ (137.50) buyer's premium. + applicable fees & taxes.
This item SOLD at 2018 Mar 16 @ 16:03UTC-7 : PDT/MST
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Incorporated in 1878. Issued to W. H. Lent for 50 shares in 1879. Signed by H. Mayers (president) and Wm. H. Lent secretary. Vignette of a miner seated within the R of Rough. Black border and print. Uncancelled. Printer - A. J. Leary, SF. 4 x 9". Datelined San Francisco. "1500 Feet Rough & Ready; 1500 Feet of Rough & Ready No. 2" printed at top. "Bodie Mining Dist., Mono Co., Cal." printed below title. A classic example of a Bodie mining company. Shows some wear at edges. Fine to very fine. Very rare. William M. Lent (father to W.H.?) was an important investor in both Comstock and Bodie mines. According to EMJ Vol. 27 (1879): "The hoisting works and new pump of the Iron Clad Mine, Rough and Ready, are expected to be ready to start-up in three weeks" and that the machinery as from the Montana mine in Colfax. From the United States Annual Mining Review and Stock Ledger, 1879, :“The property composing this incorporation consists of two locations of 1,500 feet each on Bodie Peak in Bodie Mining District Mono County directly west of the Syndicate and Sitting Bull and north of the McClinton mine This mine is developed by an incline to the depth of 135 feet showing a well defined ledge of fair grade milling ore the entire distance from one to three and one half feet wide Also by a drift at bottom of shaft, some 25 feet in length, showing that the true course of the ledge is nearly due north and south being on a line and but a short distance from the principal mines of the camp. The company propose to commence at once the practical working and developing of the mine by sinking a perpendicular double-compartment working shaft a short distance from the incline shaft. The location selected for sinking the new shaft gives the advantage of not less than one hundred feet lower surface and much more favorable ground for sinking as well as a better location for surface improvements. The above description of this property may be verified by examination as it open to the public and being an old location the title is undisputed. The superintendent is an experienced miner and a thorough business man-- also one of the principal owners in the mine; therefore the most economical management as well as the most vigorous prosecution of the work may be looked for and favorable results expected by the stockholders The company have set aside 12,000 shares of stock as working capital which may be had at the office at a price where maps of the property may be seen and all information regarding it will cheerfully given.” Date: Location: Bodie, California HWAC# 572013