938

Calaveras Water and Mining Co., 1881 I/U Gold Bond.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:45.00 USD Estimated At:75.00 - 120.00 USD
Calaveras Water and Mining Co., 1881 I/U Gold Bond.
SOLD
45.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Apr 23 @ 19:59UTC-4 : AST/EDT
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Calaveras, California. 1881, $1000 I/U 6% Gold Coupon Bond, Black on brown border, Hand signed by company president I. T. Marshall and secretary J. K. Southwick. Coupons No. 3 through 60 remain attached. Certificate is about 11.5” x 16”. The property was located 3.5 miles north of Milton and included the Whiskey Hill gravel mine and a series of water ditches 21 miles in length. The Calaveras Water and Mining Company was organized in 1880 to mine placer gold from sands and gravels along creek and river beds in Calaveras County, California. The property was located about 3.5 miles north of the former mining camp of Milton, California and included the Whiskey Hill gravel mine and a series of water ditches over 20 miles in length. The ditches cost approximately $30,000 to construct and were supported by a series of reservoirs. Calaveras County is located between the North Fork of the Stanislaus River (to the south) and the North Fork of the Mokelumne River (to the north). Placer gold mining in the Sierra Nevada foothills near the towns of Murphy's, Molkumne Hill, Angels Camp, and San Andreas (Calaveras County) was booming at this time, either using sluice boxes or hydraulic methods using pumps and pressure jet hoses. From the 1850s until the end of the 19th century, this area was one of the richest of Californiaês Mother Lode Gold Rush. The Calaveras Water and Mining Company was one of many companies in this area that were organized to mine gold by channeling water using ditches, canals, and flumes to various placer gold mining operations in the foothills. Hydraulic placer gold mining requires large volumes of water to separate gold from surface sands and gravels by running through a sluice box or other equipment to recover the gold. Calaveras County is best known for Mark Twain's story about the famous jumping frog contest. Franklin BNC.