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The Mariposa Company, 34 Wall Street, New York. James Hoy, President, 1863 (126724)

Currency:USD Category:Collectibles / Mining Start Price:250.00 USD Estimated At:500.00 - 1,000.00 USD
The Mariposa Company, 34 Wall Street, New York. James Hoy, President, 1863  (126724)
SOLD
350.00USDto 5*****r+ buyer's premium (77.00)
This item SOLD at 2020 Dec 28 @ 12:29UTC-8 : PST/AKDT
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New York, Wm. C. Bryant & Co., printers, 1863. 81 pp. 23x14.5 cm. (9x5¾"), plain paper wrappers. Elaborate prospectus for the mining property known as the Mariposa Estate. Details of the mines, mills and leases. After playing his part in the Bear Flag Revolt in 1846, John C. Fremont, soldier, explorer, and (later) presidential candidate, decided to settle down in the San Francisco Bay Area. In 1846, John C. Fremont gave $3,280 to Thomas 0. Larkin, the

U.S. consul to the Territory of California, to buy the Santa Cruz Ranch in the San Jose area. Instead, Larkin purchased a desolate old land grant in the middle of Indian country for Fremont called the "Las Mariposas Grant". Before Fremont could rectify this mistake, word came from Coloma that gold had been discovered along the American River. Fremont immediately sent a group of Mexican miners, under the direction of Alex Godey, to the Grant area to determine if gold was also to be found. They soon traced a large vein, a mile long, which they called the "Mother Lode". Las Mariposas made Fremont rich, but he was not a shrewd businessman. Until he sold it in 1864, its legal entanglements and escalating costs took its toll on profits and his energy. In January 1863, Fremont, then a Major-General in the Union Army, sold Rancho Las Mariposas with its mines and infrastructure to Morris Ketchum, a New York City banker. By 1865, the Mariposa Company was bankrupt and mines were sold at a sheriff's sale. [Cowan, p.414] Plain wrappers soiled, torn; repair to title-page, with top portion darkened; good. ALSO included are two new booklets: The Mariposa Estate: Its Mineral Wealth and Resources and The Mariposa Company, 34 Wall Street, New York.



Date: 1863
Country (if not USA):
State: California
City: Mariposa Estate
Provenance:

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