2075

Betty O'Neal Mining Company Stock Certificate [134630]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Betty O'Neal Mining Company Stock Certificate  [134630]
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Rare. "Location of Works, Lewis District, Lander County, Nevada" (printed at left). Inc. in 1879. No. 825, issued for 50 shares to Samuel H Cook on Sept. 30th, 1882 in San Francisco. Signed by vice president HH Pearson and secretary Heath. Not cancelled. Black border and print on yellow paper. Pinholes, folds, creases. 4 x 9.5" The mine was located 12 miles southwest of Battle Mountain in the Shoshone Range. The Betty O'Neal was first mined in 1880. The mine produced gold and silver. When gold was discovered in Lewis Canyon, about 10.5 miles southeast of Battle Mountain, people in and around Amherst rushed to purchase stock in the new company. But when the company announced the proposed construction of a 12-mile narrow gauge railroad from Lewis Junction to the town of Lewis and the mines south of town, and dividends ceased to be paid, many investors sold their shares. The line was completed in 1881. Accumulated debt, however, quickly caused the sale of the railroad right-of-way, and soon after the Starr-Grove mine went bankrupt, and operations ceased. [Ref: Railroads of Nevada and Eastern California, Myrick]

Date: 1882
Country (if not USA):
State: Nevada
City: Lander County
Provenance: Bill McKivor Collection