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4333

SF Assaying & Refining Works - Gold Assays (4) for Great Republic Mine [169241]

Currency:USD Category:Coins & Paper Money / Ingots Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
SF Assaying & Refining Works - Gold Assays (4) for Great Republic Mine [169241]
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Chemical Laboratory ñ San Francisco Assaying and Refining Works ñ Four Assays for the Great Republic mine dated January 26th, 1871. L. A. Garnett. Manager, John Hewston, Jr. Superintendent and Chemist are printed on form; the latter signed. SEE INSERT DESCRIPTION IN BACK OF DOCUMENT. The Assay office of Kellogg, Hewston & Company, was a private refiner and the last of the pioneer coiners of gold in the California until the establishment of the United States Mint. The firm continued until 1866, when they were succeeded by the San Francisco Assaying and Refining Works, a company composed of the leading bankers and mining men of the coast with Garnett continuing to manage as he had at Kellogg, Hewston and Hewston remaining as Superintendent. They began the refining of silver in addition to gold, and continued until 1875, when they were succeeded by the Pacific Refining and Bullion. (The Bay of San Francisco the Metropolis of the Pacific Coast and Its Suburban Cities ñ A History by the Lewis Publishing Co. Chicago, 1892 - p. 434). Louis Anicharsis Garnett, who ìwas more responsible for the idea of the United States trade dollar than any other man, was a son of Robert S., a congressman from Virginia. Graduating from the Military Institute of Lexington in 1842, he later studied and practiced law through 1850, when President Zachary Taylor appointed him to a post at the San Francisco Custom House. In the early 1850s Louis A. Garnett was among those who helped establish the San Francisco Mint (opened in 1854). At one time he served as treasurer, later melter and refiner, there. In 1860 he was an incorporator of the Ophir Mine. In the early 1860s Garnett went to Europe, where he studied finance, banking, and economics. He joined Kellogg , Hewston XXXXXXX. In 1870 he was named to the positions of president, manager, and board member of the San Francisco Assaying and Refining Works, which at the time was depositing about two-thirds of the gold received for coining at the San Francisco Mint. In 1876 he retired from active business management to devote his time to studying financial and currency matters. In 1898 he represented California at the Monetary Commission conference held in Indianapolis. He died three years later, at the age of 79. Two prospectors discovered some rich silver float in June 1869, staked claims and formed the Mineral Hill Mining District. A test load of ore sent to Austin yielded $200 per ton and showed values in gold, silver, copper, zinc, and lead. The pair sold their holdings in 1870 for $400,000. The Mineral Hill Mining Company was organized and began operations in September 1870. Interest in the Mineral Hill District grew rapidly. By fall in 1870, more than 400 people could call Mineral Hill home. The town had four saloons, two hotels, A Wells-Fargo station, and a number of other businesses. The following year brought another hotel, a schoolhouse, and the opening of a post office. During that same year, an English company bought the holdings of the Mineral Hill Mining Company for $1.2 million. A month later, another English company bought the holdings for $2.5 million. During 1871 and 1872, the company mined the area at an accelerated rate and more than $1 million were produced. By summer of 1872 the company had mined out all the ore and ended operations before the end of the year. It terminated the employment of 100 men and began the exodus from Mineral Hill. By spring 1873, only a few people remained. Size: 7.75 x 10 inches. San Francisco California 1871
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