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Tuolumne Hydraulic Association Stock Certificate, 1853, California Gold Rush

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Tuolumne Hydraulic Association Stock Certificate, 1853, California Gold Rush
SOLD
325.00USD+ (81.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 16 @ 17:53UTC-7 : PDT/MST
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Dateline Sonora, Feb. 21st, 1853. No. 274. Issued for one share to Charles Judah. Signed by G.T. Martin, President, and Henry Gordon Walton, Secretary. Not cancelled. Some bends along the edges and small ink stains on reverse. No printer listed. 5.25 x 8.25" Not in Filer. The company was incorporated March 22, 1852, with A.H. Tuttle, Charles M. Radcliff, E.H. McGowen, and J.P. Yaney as officers and George Ketchum, W.W. Taylor, Henry Burke, Thomas C. Brunton, and William H. Ford as trustees. Capital stock was $50,000 with 200 shares at $150 each. It was formed to bring water from the North Fork Tuolumne River to the mines around Sonora, Jamestown, Quartz, Chinese Camp, and others (Articles of Incorporation No.2). They built a canal that tapped the Tuolumne River some twenty-five miles east of Sonora, and at an elevation of five thousand feet, of which the main branch carried water to Montezuma. The first segment of the THA ditch system took water from the North Fork Tuolumne River to the head of the north branch of Sullivan Creek, thence to Sonora and vicinity. It was constructed during the latter part of 1852 by Engineer George Ketchum for a cost of $120,000 (Carlo M. De Ferrari Archive No. 3183:2). In December of that year, the THA signed another contract with Ketchum to build a canal from Sullivan Creek to Campo Seco, York Town, Poverty Hill, and Montezuma Flats, to be completed in 60 working days from the 15th of December. In 1853, the company went insolvent to the tune of $300,000, causing large financial problems for many of the citizens of Sonora. They sold off all their holdings (flumes, ditches, and reservoirs) to the Tuolumne Water Company. (Al Adams Gold Rush Memorabilia Collection) Date: Location: Sonora, California HWAC# 59027