LOT Holabird-Kagin Americana  /  Mining, Minerals and Mayhem Auction  / 

742

CO - San Juan County,1906, 1908 - Old Hundred Mining Company Stock Certificates

Currency:USD Category:Collectibles / Western Americana Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
CO - San Juan County,1906, 1908 - Old Hundred Mining Company Stock Certificates
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. Old Hundred Mining Company. The Old Hundred Mine was discovered in the 1900s by the Niegold brothers. The Niegold’s sold their claims a couple of years later for $400,000 to the Old Hundred Mining Company. The new company immediately went ahead with a great deal of development on the project. The mine in later years covered 30 claims and was worked on several levels from the base of the mountain to the top. It was noted in 1907 that the entire west side of Galena Mountain was a total mine complex to a total of 18,000 feet of underground workings. Above the mill, at the mouth of Cunningham Gulch, is a three storied boarding house, at 12,400 feet, constructed around 1903 at a cost of $32,000. The material for the building was hauled by mules up and across the cliffs and later by tram. The 0ld Hundred Mill was built in 1905 using several levels and containing 40 stamps crushing 200 tons of ore per day. A tram, built in 1904, ran 3,700 feet from the different levels of the mine to the mill. The upper levels of the Old Hundred Mine were not connected underground with any of the lower levels. Not much is known of Howell Hinds, the president, other than that he came from Ohio and that he had several mining operations in Canada, Colorado, and Mexico [Refs: The Mining Files of Hal Miller; Marshall, J., and Zeke Zanoni, Mining the Hard Rock, 1996]. On white paper with a colorful orange border, No. 370 was issued to B. F. Small by Thomas J. Moloney, as Treasurer and Howell Hinds as President on 2 October 1906. The bald eagle vignette is above the company masthead. Also signed on the front by the secretary of the Knickerbocker Trust Company and the secretary of the Security Transfer & Register Co. Signed by Small and witnesses on reverse on 3 October 1906. Also stamped on reverse “Hereby irrevocably constitute and appoint . . . substitute to transfer the within named stock under the foregoing power of attorney with like power of substitution: Albany N. Y. Oct. 5 1906, witness” and the signature of the witness is below; however, it is illegible. The folds are yellowing on the reverse and there are some ink smudges as well. It also has some wrinkling. Fair to good condition. 2. Old Hundred Mining Company, Cunningham Gulch. In the late 1800s the Niegold brothers of the Midland Mining Company shipped very high grade gold ore, mined on the number 7 vein 300 feet above the boarding house at 13,000 ft. The Old Hundred Mining Company purchased the property and mined it until 1908. In 1927, Carl Dresser purchased the mine and it was then sold in 1934 to a group of Pennsylvania investors who started to mine the number 5 vein but were under funded. In 1970, the Dixylyn Mining Company explored the property along with a number of others and bought the Pride of the West Mill. This company left about 1972. Another large mining company – Amax Molybdenum – leased the property in the winter of 1980. The geologist was inexperienced and set the drills parallel to the vein. The drill followed a stringer and the geologist thought that he discovered a large ore shoot. Actually he took out all the ore in that area in the drill core [Refs: The Mining Files of Hal Miller; Marshall, J. and Zeke Zanoni, Mining Hard Rock, 1996]. This stock is on crème paper with a thick green border. No. 1392 was issued to William D. Oelberman by Thomas J. Moloney as Treasurer and Howell Hinds, President on 19 March 1908. Also on the front the signatures of the secretaries of the Knickerbocker Trust Company and the Security Transfer & Registrar Co. On reverse the folds are yellowing. Vignette of a mill with mountains in the background over the company masthead. Good condition.
Sign In to Bookmark Lot