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Mechanics' Mining Co., 1876 I/U Stock Certificate, Located at "Sutter Creek"

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:50.00 USD Estimated At:120.00 - 240.00 USD
Mechanics' Mining Co., 1876 I/U Stock Certificate, Located at  Sutter Creek
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Sutter Creek, Amador County, California. 4 Shares, I/U, S/N 3, Issued to J. Randolph and signed by T.M.Elroy as president, no vignette, "1320 Feet in Mine" with "Each foot divided into 25 shares", VF condition. Famous location where the California gold rush began. John Sutter's discovery of gold at nearby Coloma in January 1848 triggered the California Gold Rush. After all his workers left him to go on their own hunts for gold, Sutter moved to Mormon Island with a couple of hands. After about two weeks miners flooded the island, so Sutter and his hands left and returned to Sutter Creek. Sutter said: "I broke up the camp and started on the march further south, and located my next camp on Sutter Creek", now in Amador County. Although plenty of placer gold was found there, gold-bearing quartz deposits were discovered in 1851, and mining those deposits for gold became the mainstay of the local economy for many years. With the prosperity brought by quartz mining, Sutter Creek became a boomtown. By 1932, the Central Eureka mine, begun in 1869, had reached the 2,300-foot (700 m) level. By 1939, it was the best-paying mine in Sutter Creek. The mines continued operations until 1942, when most gold mines were closed for manpower reasons during World War II.