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South Mountain Cons. Mining Co. Stock Certificate (GT Brown Lith) (100956)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
South Mountain Cons. Mining Co. Stock Certificate (GT Brown Lith)  (100956)
SOLD
100.00USDto e*****r+ buyer's premium (25.00)
This item SOLD at 2019 May 17 @ 13:35UTC-7 : PDT/MST
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Extra rare and a GT Brown lith. Location of Works: South Mountain District, Owyhee County, Idaho Territory (printed to the right of the vignette). Inc. 1874. No. 190, issued for 500 shares to company secretary William Willis on April 8, 1875 in San Francisco. Also signed by the president (illegible). Not cancelled. Black border and print. Fancy company logo and vignette of mine hoisting scene. Printed by noted African-American lithographer G.T. Brown. Many folds, some creases. 4 x 9.25" According to Raymond (1877), the failure of this company "brought operations in that camp to a dead stand-still" (pg. 203). He reports the whole South Mountain is a "dead camp", having not escaped "the financial crisis which so seriously crippled mining activities in Silver City..." "With the company, the whole camp went down..." (pg. 227). It's failure was tied to many things: the failure of the Bank of California and the resulting panic that had on stockholders; the company's large expenditures; and the miners going on strike until they were paid. The camp had 800 people at its peak. Located 26 miles south of Silver City. [See Raymond, 1877, pgs. 227-229] Ken Prag Collection

Date: 1875
City/County: Owyhee County
State: Idaho