2405

Yellow Aster Mining & Milling Company Stock, Randsburg, Cal. 1897 [111900]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Yellow Aster Mining & Milling Company Stock, Randsburg, Cal. 1897 [111900]
SOLD
100.00USDto A*******d+ buyer's premium (25.00)
This item SOLD at 2021 Dec 18 @ 15:30UTC-8 : PST/AKDT
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Cert. #13, issued to John M. Miller for 614 shares and signed by John Singleton as president and R.L. (Rose) Burcham as company secretary. Miller was a partner in the law firm that helped set up and incorporate the company. Miller told his partners that the mining company had paid their law firm 1,000 shares for their services, but they had actually paid out 2,065 shares. He then transferred the extra shares into his wife's name. These shares are surely part of his secretive scheme to cheat his partners as this certificate is endorsed on the back by Miller transferring the shares to his wife, Kate P. Miller. A judge ruled in 1903, that Miller had indeed defrauded his law partners (metnews.com, 2010, Roger M. Grace).
Between 1895 and 1939, the mine produced over 500,000 ounces of gold valued at over $12 million at then prices, most by amalgamation (CDMG, Mines and Minerals of Kern County). In later years, the property was operated by Glamis Gold. Glamis developed the entire property with a heap leaching open pit mine. Glamis was one of the first miners to use the heap leach method. The property was estimated to contain 11 million tons of ore with .022 ounces per ton.
The certificate is stamp canceled. Clear signatures of the company founders, Burcham and Singleton.

Date:
Country (if not USA):
State: California
City: Randsburg
Provenance: