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London & Californian Gold Quartz Crushing Co. Stock

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item-71309118=1
London & Californian Gold Quartz Crushing Co. Stock

Lot 1720 Details

Description
No. 32,301-32,350, issued to bearer on March 25th, 1854. Signed by two directors and a secretary. Soiling, borders, cut close. 7.5 x 8.75" This was a London-based California Gold Rush scam! Referred to in "Money Pits: British Mining Companies in the Californian and Australian Gold Rushes of the 1850s" as a great disaster for London investors. According to an article in the 1854 Magazine of Science, the company was "formed for the purpose of possessing itself of the most approved Machinery and erecting the same at important Stations the vicinity of the Cities of and Stockton in California... and affording facilities to the vast number Miners in those districts to have their produce crushed and the Metal extracted in a state adapted for Market. It is not the object of the Company...to speculate in Adventures by renting or purchasing Lands where Gold is supposed to exist but merely to operate on the Quartz Rock and Sands collected by various Mining Companies and Miners..." It later mentions they will set up their first machinery near the Carson Creek Mine and that they have formed an agreement to crush quartz for this mine. Ken Prag Collection
Date: 1854
City/County: Carson Creek
State: California
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  • 25%

London & Californian Gold Quartz Crushing Co. Stock

Estimate
$400
-
$800
May 16, 2019
Starting Price
$200
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Ships fromReno, NV, United States
Holabird Western Americana Collections

Holabird Western Americana Collections

Reno, NV, USA
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1720: London & Californian Gold Quartz Crushing Co. Stock

Sold for
$225
2 Bids
Est.
$400
-
$800
Starting Price
$200
Spring Americana Auction - Session 1
Thu, May 16, 2019 11:00 AM
Buyer's Premium 25%

Lot 1720 Details

Description
...
No. 32,301-32,350, issued to bearer on March 25th, 1854. Signed by two directors and a secretary. Soiling, borders, cut close. 7.5 x 8.75" This was a London-based California Gold Rush scam! Referred to in "Money Pits: British Mining Companies in the Californian and Australian Gold Rushes of the 1850s" as a great disaster for London investors. According to an article in the 1854 Magazine of Science, the company was "formed for the purpose of possessing itself of the most approved Machinery and erecting the same at important Stations the vicinity of the Cities of and Stockton in California... and affording facilities to the vast number Miners in those districts to have their produce crushed and the Metal extracted in a state adapted for Market. It is not the object of the Company...to speculate in Adventures by renting or purchasing Lands where Gold is supposed to exist but merely to operate on the Quartz Rock and Sands collected by various Mining Companies and Miners..." It later mentions they will set up their first machinery near the Carson Creek Mine and that they have formed an agreement to crush quartz for this mine. Ken Prag Collection
Date: 1854
City/County: Carson Creek
State: California

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Holabird Western Americana Collections
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