2683
Baker City,OR - Baker County - March 22, 1873 - James W. Virtue Banking House :
Currency:USD
Category:Collectibles / Banks, Registers & Vending
Start Price:500.00 USD
Estimated At:1,000.00 - 1,500.00 USD
NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2011 Mar 16 @ 10:00UTC-07:00 : PDT/MST
Lot of two letters/notices from the Banking House of James W. Virtue. The first is a note written in September of 1872 on 7” x 5.25” ruled paper with frank from the Office of James Virtue. This letter was not written by Virtue himself but by one of his subordinates. It regards bullion from a previous rendezvous. The reverse is signed by M.B. Willard on September 9, 1872. Secondly, a notice from James W. Virtue offices, also written on 8.25”x 5.5” ruled paper with official James W. Virtue frank. This notice is dated March 22, 1873, around the time Virtue was becoming a man of power in the Pacific mining community. This notice regards the Sorbett Tailings Co. in Portland, OR and addresses an issue of credit from a John Brattain, perhaps another business partner. It is signed on reverse by James W. Virtue and dated March 22, 1873. Both items are in Very Fine condition. Virtue was an Irish immigrant born in 1837 and was raised in Ontario, Canada. Later upon reaching adulthood, he moved to the Nebraska Territory and helped establish Dakota City. When the transcontinental railroad was constructed through Dakota City in 1863, Virtue decided to move west to look for more promising mining opportunities. Virtue then settled in Baker County, Oregon where he was eventually elected Sheriff. While serving as sheriff he helped establish the first bank in Baker and became financially powerful, soon becoming the most influential and richest man in Eastern Oregon. Following the financial Panic of 1893, Virtue’s bank failed and he moved to Portland. After several smaller successful mining businesses in the 1890s, he lived out the rest of his days in Portland as mining consultant. Virtue was considered such a prominent figure in Oregon’s history that he was honored in 1906 by Oregon Governor James Chamberlain and Oregon’s legislature as one of the most experienced and outstanding men in the history of Pacific Coast mining.
Auction Location:
Each session will be held at different locations, Sacramento, California, 95815, United States
Previewing Details:
The auction for session C will be held at the Sacramento Convention Center 1400 J Street 95814 Room #308. Previews for this session will be on Tuesday March 15th from 12pm to 6pm, and on Wednesday March 16th from 10am to 4pm at the Convention Center in Room #310.
Tax Details: Nevada sales tax will be added to all orders pick up at our location in Reno, NV or shipped to an address in Nevada unless a valid resale certificate is provided prior to invoicing. California sales tax will be added to all orders picked up in California or shipped to an address in California unless a valid resale certificate is provided prior to invoicing. Resale certificates can be faxed to 775-852-8866 BEFORE the auction closes.
Taxes:
| Tax | Rate | Desc. |
| NST |
7.725% |
Nevada Sales Tax: |
| CST |
8.75% |
California Sales Tax: |
| CSTx |
9% |
California Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
Shipping Details:
Shipping will be calculated prior to invoicing, based on the size and weight of your purchase. A $5
handling fee will be included in the shipping charge. The customer is responsible for all shipping charges.
We do not ship any purchases until the auction invoice is paid in full. Purchases will be shipped via
our approved, insured carriers, Federal Express or the US Postal Service. All items shipped Federal
Express will be insured for the full value determined at auction by Holabird-Kagin Americana at no
extra cost to the buyer. Federal Express shipments will be sent the Monday, Tuesday or Wednesday
following receipt of payment. Pick up is available from our Reno Office the next business day after
the auction. NOTE: Some shipments (of unusual size, dimension or weight) may require special
handling for which individual costs will be calculated and applied to the shipping charge on the invoice.
Payment Details:
A 3% cash discount is applied to the Buyer’s Premium on all sales. That 3% discount will be reversed is payment is made by credit card or through Paypal.
Accepted Payment Methods:
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- See Payment Details
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1. This is a Live Auction which includes an important Mail Bid/Absentee Only Section.
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7. Mail-Bid/Absentee Only Section Bidding: A portion of this sale is designated as “Mail-Bid” or “Absentee Only”. The Mail-Bid/Absentee Only portion of the sale will close after the live auction, Tuesday March 16, 2011 at 5pm PDT. It is your responsibility to submit all lot numbers and bid amounts accurately. Absentee bids should be equal to at least 50% of the low estimate if an estimate is provided.
8. Reserves: Most of the lots in this auction are unreserved. Gold is generally reserved at or near spot, though it could be slightly below spot.
9. Bidding Increments: All bids must be submitted in U.S. dollars and in whole dollar amounts only in the appropriate increments as outlined below. IF you choose to submit bids in an increment not listed below, your bid will be rounded to the nearest increment and you will be expected to pay the amount to which the bid was rounded should your bid be the winning bid. If you have any questions about an appropriate bid amount, please call us.
From: To: Increment:
$0 $29 $1
$30 $95 $5
$100 $190 $10
$200 $475 $25
$500 $1,450 $50
$1,500 $3,400 $100
$3,500 $9,750 $250
$10,000 $max $500
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13. All stock certificates, checks, warrants and other financial documents sold herein are sold as antiquities, and have no financial, securities, or public trading value whatsoever.
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16. Buyers Premium: There will be a 17.5% Buyer’s Premium added to each lot. This premium includes a 3% discount for transactions paid with cash, checks, money orders or wire transfers. All other forms of payment are not subject to the 3% discount and the Buyers’ Premium will be calculated at 20.5%.
17. Sales Tax: Sales tax will apply, according to state law, for any items that ship to Nevada (7.725%) or California (9.0%) unless a current, valid re-sale certificate is faxed to us at 775-852-8866 before bids are placed.
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19. Payment: We accept Visa, Master Card, Money Order/Cashiers Check, Person Check, PayPal: HKAEbayRep@yahoo.com. A 3% discount is applied to the Buyer’s Premium on all sales. That discount will be reversed if payment is made with a credit card or through PayPal.
20. Shipping: Shipping will be calculated prior to invoicing, based on the size and weight of your purchase. A $5 handling fee will be included in the shipping charge. The customer is responsible for all shipping charges. We do not ship any purchases until the auction invoice is paid in full. Purchases will be shipped via our approved, insured carriers, Federal Express or the US Postal Service. All items shipped Federal Express will be insured for the full value determined at auction by Holabird-Kagin Americana at no extra cost to the buyer. Federal Express shipments will be sent the Monday, Tuesday or Wednesday following receipt of payment. Pick up is available from our Reno Office the next business day after the auction. NOTE: Some shipments (of unusual size, dimension or weight) may require special handling for which individual costs will be calculated and applied to the shipping charge on the invoice.
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22. This sale is being held under the laws of the State of Nevada.
23. Kagin’s, Inc. nor its subsidiary auction company Holabird-Kagin Americana shall not be held responsible for any problem due to the bidders failure to follow the rules, terms and conditions of this sale, or any failure due to the loss of the online auction process provided by any the online auction network; or missed bids, changed bids or cancelled due the bidders failure to follow the proper bidding procedure outlined herein.