2142

Stateler & Arrington, Virginia City, Nevada Territory Check Trio [199178]

Currency:USD Category:Collectibles / Mining Start Price:37.50 USD Estimated At:75.00 - 100.00 USD
Stateler & Arrington, Virginia City, Nevada Territory Check Trio [199178]
CURRENT BID
0.00USD+ applicable fees & taxes.
ENTER YOUR MAXIMUM ABSENTEE BID[?]
You must bid at least
37.50USD
USD
37.50 x 1 unit = 37.50USDApplicable fees & taxes are added at checkout.
[?]Live Online Auction Starts In 2025 Jul 13 @ 08:00 (UTC-07:00 : PDT/MST)
FINAL AUCTION RECORD The Auctioneer’s podium notes serve as the final, legally binding record of the auction results, superseding any electronic bidding records. See Terms and Conditions
Lot of 3 different checks issued on the bank of Stateler & Arrington from the Gould & Curry Mining Company. Two are signed by Charles Strong as supt., one by Charles Bonner who replaced Strong after the financial debacle of the Gould & Curry Mill. One check is issued to DW Balch, who would later become an assayer. Stateler & Arrington were backed by the Bank of California. Their primary client was the Gould & Curry Mining Company. Stateler caused the bank to fail in 1864 after suspiciously trying to cash two large drafts from Wells Fargo (who provided the gold coin to cover the mine pay roll). William Ralston denied the second draft from going through, and Stateler closed the bank doors, defaulting on ~$20,000 owed Wells Fargo and $30,000 owed the Bank of California. To recoup their losses, the Bank of Cal. dispatched William Sharon to the Comstock, thus beginning the bank's eventual path to a monopoly.
^
Date: 1862-64
Country (if not USA):
State: Nevada
City: Virginia City
Provenance: