3539

Tioga Consolidated Mining Company Stock (86140)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 600.00 USD
Tioga Consolidated Mining Company Stock  (86140)
SOLD
150.00USD+ (33.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Jan 26 @ 14:38UTC-8 : PST/AKDT
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No. #6543 dated Sept 11, 1882 for 100 shares made out to ER Grant, Trustee. Incorporated March 14, 1878 and capitalized at $10,000,000; 100,000 shares at $100 per share. The dateline is San Francisco. Signed by President A. J. Ralston and Secretary pro tem George W Simon(?). Black on white; 4 x9 inches, Lith. Britton, Rey Co. S. F. From the Pacific Coast Annual Mining Review and Stock Ledger 1878, p.250: “Office, Rooms 2 and 3, San Francisco Stock Exchange. A. J. Ralston, president; W. H. Lent, secretary; W. Rose, superintendent; A. J. Ralston, John F. Boyd, R. N. Graves, W. M. Stewart, J. McAneny, trustees. Annual meeting, second Monday in April. No. of shares, 100,000. No. of assessments, 2. Total assessments, $20,000. Listed on San Francisco Stock and Exchange Board. It is situated among some of the best locations, and adjoins the Standard on the North. A shaft has been sunk to the depth of 200 feet, and discloses three veins, all gold-bearing. The indications partake of the same properties as the Standard, and there is no doubt, should present indications be verified, that the Tioga will prove one of the most prosperous mines in the district.” The Tioga Consolidated Mining Co. together with the Bechtel Consolidated Mining Co. was later involved in an important legal case with the Bodie Tunnel and Mining Co. in 1881-87 in which the status of an existing tunnel constitutes a valid claim. According to Balch 1882, the Tioga was 600 x 862 feet with "ore quite free of waste and will probably mill $25 ton" and the ledge between 4 and 6 feet in thickness. Prag Collection State: California City: Bodie Date: 1879