Barton Lee, Banker, Gold Rush Receipt for Gold Dust [155340]

Currency:USD Category:Collectibles / Paper Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Barton Lee, Banker, Gold Rush Receipt for Gold Dust [155340]
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Certificate of Deposit No. 453. Dateline Sacramento City, July 2, 1850. Barton Lee, Banker. H. Gorham has deposited $400 to be paid in one month with interest, "Payable in Gold Dust." Signed by Barton Lee. Black print on light blue paper. 5.5 x 6.5" Numerous folds, some toning. Barton Lee was a pioneer in Sacramento. In an ad for the firm of Barton Lee, Baker & Co. Bankers from July 1850, Lee is listed with W.A. Baker and Dr. Jas. Pearson (their assayer) at Second St., between I and J. However, his bank failed in the summer of 1850 and caused a panic that forced other banks and businesses in Sacramento to close also. In August 1850, the firm of Paul, White & Co. advertised for people to bring in their Barton Lee Certificates of Deposit to be treated as cash for real estate opportunities.

Date: 1850
Country (if not USA):
State: California
City: Sacramento