Gold Rush Illustrated Lettersheet: Banking House of Page, Bacon & Co. [155333]

Currency:USD Category:Collectibles / Paper Start Price:1,000.00 USD Estimated At:2,000.00 - 5,000.00 USD
Gold Rush Illustrated Lettersheet: Banking House of Page, Bacon & Co. [155333]
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Extremely rare. Baird p. 24, N7. Baird calls this ad advertising piece, which FH does not agree with. Blue paper, black print. Banking House of Page, Bacon & C0. Dateline Sacramento, 185-. Lists three offices: Sacramento, Stockton, and San Francisco. Vignettes in each corner: mountain river scene (upper left), bear next to river (upper right), tree (bottom right), and eagle with arrows (bottom left). 11 x 9" Horizontal fold, toning around edges, missing bottom right corner and discoloration there too. No printer listed. Page, Bacon & Co. was founded in San Francisco in 1850 during the California Gold Rush. Their main office in St. Louis became overextended in 1854 due to problems financing a railway, and closed in January 1855. When the news reached San Francisco five weeks later, it triggered a run on the San Francisco house, which was also forced to close and affected other numerous other banks. This run was later known as "Black Friday."

Date: c1850s
Country (if not USA):
State: California
City: Sacramento