SOLD
80.00USD+ (14.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2011 Jun 28 @ 14:24UTC-7 : PDT/MST
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A full invoice should be emailed to the winner by the auctioneer within a day or two.
Session D is a Mail-Bid Only Auction. Absentee bids will be accepted only. No live bidding will be allowed. All winners will be contacted after the auction. BIDDING ENDS MONDAY JUNE 27 AT 5PM PACIFIC TIME!!!
Lot of 2
#1: Ubehebe Copper Mines and Smelter Company; Incorporated under the laws of the State of Nevada, March 28, 1907; Certificate No. 31 issued June 10, 1907 to J. E. Gruner for 500 shares; signed by John Salsberry, President and Griffith as Secretary; printed by Goes but also shows “Rotholtz Bros. 58962”; U/C
#2: The Ubehebe Mining Company; Incorporated under the laws of the State of Nevada; Certificate No. 65 unissued; printed by Goes. Certificate has been glued to a piece of posterboard. On the reverse it says: “Gurney (?) D. Maple, Jr. Pomona College, April 1934.”
“The largest and best-known mine in the Ubehebe area, as well as the most highly developed, was Jack Salsberry's property, operated by his newly-formed Ubehebe Copper Mines and Smelter Company, which opened offices in Baltimore to promote company stock in the large Eastern commercial centers. The mine was actively supported by a variety of Eastern capitalists who made several inspection tours to the area over Salsberry's recently completed road to Bonnie Claire. After one such jaunt the following comment was noted:
To many readers, Ubehebe is an unheard of camp, yet it is like many other sections in the state that are wonderfully rich in minerals but have not been brought especially to the attention of the people simply from the fact that those owning the properties are not looking for notoriety or endeavoring to boom their district. They are there to develop and mine their properties and secure substantial results to those interested in common with them and not for the purpose of advertising. [28]
Encouraged by the optimism and generosity of their supporters, Salsberry and Ray T. Baker, the two principals in the new company, conceived a plan of constructing a railroad to their mine from Bonnie Claire and of erecting a smelter there to reduce the ore before shipment. Persuading the prestigious banking and brokerage firm of Peard, Hill & Company of Baltimore, Maryland, to underwrite the bond issue for the project, work on a permanent survey of the proposed route was started with Salsberry receiving assurances that all bonds would be placed before 15 November and grading commenced shortly thereafter. The bonds were to be sold largely in Europe. It was planned that the forty-eight-mile-long standard-gauge track would head down Grapevine Canyon past the present site of Scotty's Castle, wind around Ubehebe Crater, and eventually reach Salsberry's mine near the 'northwest corner of the Ubehebe valley. The one million dollars worth of railroad bonds would be floated as a separate company to comply with the law, but in reality would belong to the Ubehebe Copper Mines and Smelter Company, thus greatly increasing its assets. The railroad would also haul ore for other mines in the area and thus hopefully soon become a regular dividend payer. Cost of the project was estimated at $800,000. In anticipation of the line's arrival, a well had already been sunk on Salsberry's new townsite to a depth of 155 feet, and as soon as water was reached, the site would be platted and the selling of lots would commence. .......…Despite the money-market depression that had delayed the start of development, it was promised that the route would be in operation before mid-summer of 1908. Arrangements were still reportedly being made to erect a fine hotel and several residences and business houses at the terminus of the line at Saline City. Salsberry never saw fulfillment of his dream, however, for the closing of banks and consequent termination of a ready money supply scuttled the project entirely.”
[http://www.nps.gov/history/history/online_books/deva/section3c2.htm]
Auction Location:
Atlantis Casino Resort 3800 S. Virginia St., Reno, Nevada, 89502, United States
Previewing Details:
Atlantis Hotel Casino ~ Grand Ballroom #4
Monday, June 27th ~ 12pm-6pm
Tuesday, June 28th ~ 10am-6pm
Wednesday, June 29th ~ 10am-6pm
Sales tax will apply, according to state law, for any items that ship to Nevada or California or are picked
up at our Reno, Nevada location, unless a current, valid re-sale certificate is provided at the time of
purchase.
Taxes:
| Tax | Rate | Desc. |
| NST |
7.725% |
Nevada Sales Tax: |
| CST |
9% |
California Sales Tax: |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
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for the Mail-Bid/Absentee Only Section Only of the auction will remain open until Monday,
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bid amounts accurately. Absentee bids should be equal to at least 50% of the low estimate if an
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bids for the Mail Bid/Absentee only section of the auction will be accepted until Monday,
June 27th at 5pm Pacific time.
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or “Absentee Only”. The Mail-Bid/Absentee Only portion of the sale will close approximately
one week after the live auction. 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. Absentee bids for the Mail Bid/Absentee only section of the auction will be
accepted until Monday, November 8th, 5pm PST.
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calculated at 20.5%.
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are subject to a $25 fee. Cash received in amounts greater than $10,000 is subject to the filing
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certificate is provided.
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call our office for assistance. You may return any piece that was significantly inaccurately
described by calling our office within one week of receipt of item(s) and notifying us of the error
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antiques, and have no financial, securities, or public trading value whatsoever, other than as an
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11. In the case of tie bids on the book, the earliest received shall take precedence.
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responsible for any failure due to the loss of the auction applet provided by this auction network