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Telegraph Gold & Silver Mining Company Stock (80308)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 600.00 USD
Telegraph Gold & Silver Mining Company Stock  (80308)
SOLD
275.00USDto i*****l+ buyer's premium (68.75)
This item SOLD at 2019 Jan 26 @ 15:41UTC-8 : PST/AKDT
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# 71 for 20 shares to Mrs. H N Garwood. Signed by Thomas J Owens and LC Sanderson. Dateline San Francisco 1863. Incorporated May 14, 1863. Underprint reddish pink "Silver Mountain." Very unique vignette. The building of the transcontinental telegraph with God-like figures on fire breathing horses in the clouds. 25c Power of Att'y revenue stamp. Not cancelled. 1875 shares for $100 each. There was a different Telegraph G&S MC. ("Ledlie Ledge") was incorporated October 3, 1863, in the Webster District of "Amador" County, at Markleeville. Does that mean our mining company was defunct already? Thomas J Owens was secretary to other local mining companies. Not all of his companies turned out to be profitable as he was listed as a delinquent shareholder in the IXL G&SM Co. in 1868 (1868 Jan 25 Mining & Scientific Press). He did acquire a half-lot adjoining Betchmann's stables Dec 2, 1863 from "P.A. Owens" and then conveyed it to Mary Frances Owens (N ½ of Lot 4, Block 3)(per Book B, page 16 of Deeds, Alpine County ). [Thank you to Karen Dustman, local historian and author of the book "Silver Mountain City" (Clairitage Press) for background information on the mine and signatures.] Prag Collection State: California City: Silver Mountain Date: 1863