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Empire Mill & Mining Company Stock Certificate, 1878

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
Empire Mill & Mining Company Stock Certificate, 1878
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Location: Amador & El Dorado Counties. Cert. #161 issued to C. D. Morrison, Trustee on September 14, 1878 for 100 shares. Signed by Wm. R. Drake as Secretary and by Alfred Lyon as president. Incorporated in San Francisco on April 23, 1877 and capitalized at $500,000; 50,000 shares at $10 per. Uncancelled. Printed on white paper by A.L. Bancroft & Co., SF. 4" x 9 1/4". One of the mines this company owned was the Empire mine in Amador County, located 2 miles west of Mokelumne Hill and 2.5 miles south of Jackson in the central Mother Lode region. The Pacific company took over the Empire`s assets after 1883 [Ref: Logan, Mother Lode Gold Belt, 1934, p 106-7]. In Oct. 1850, George McKnight discovered gold in a quartz outcrop (ledge) called the Ophir Vein, later it was sold to John P. Rush and the Empire Quartz Hill Co. Rush bought out was incorporated in 1854, after John Rush was bought out. William Bowers Bourn acquired control of the company in 1869. Bourn died in 1874, and his estate ran the mine, abandoning the Ophir vein for the Rich Hill in 1878.[5]:34 Bourn's son, William Bowers Bourn II, formed the Original Empire Co. in 1878, took over the assets of the Empire Mining Co., and continued work on the Ophir vein after it was bottomed out at 1200 feet and allowed to fill with water.[6]:87[7] With his financial backing, and after 1887, the mining knowledge and management of his younger cousin George W. Starr, the Empire Mine became famous for its mining technology. In its final year of operation in 1956, the Empire Mine had reached an incline depth of 11,007 ft. and produced $70,000,000 in gold at prices ranging from $20.67 - $35.00 per oz. Date: Location: Amador & El Dorado Counties, California HWAC# 572010