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Klondyke Government Concession, Limited Stock [172572]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Klondyke Government Concession, Limited Stock    [172572]

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No 590 for 27, 043 shares to Andrew Whitlie & George Sutherland Coutts. Dated Jan. 19, 1903. Rare example of a stock issued for a mining concession in an immensely popular international mining rush. This company was incorporated in March, 1898 based upon a grant made by the Canadian Privy Council for hydraulic mining along a 2.5 mile stretch of Hunker Creek, a well known rich gold area. Production ensued immediately, but soon it became apparent that hydraulic mining was not the best answer for mining technique, and a new permit was granted allowing other mining methods. Mining continued through 1906 when the Canadian Govt. cancelled the lease because this company had placed their tails on a neighbor's property. More research is necessary to determine if the problem got resolved. Some condition problems, particularly the left edge. Herzog Collection. United States of America