Miners' Cosumnes & Deer Creek Water & Mining Co. Promissory Note, Prairie City [155329]

Currency:USD Category:Collectibles / Mining Start Price:350.00 USD Estimated At:700.00 - 1,500.00 USD
Miners' Cosumnes & Deer Creek Water & Mining Co. Promissory Note, Prairie City [155329]
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A very rare Prairie City, California dateline. Promissory note No. 17, datelined Prairie City, Cal., March 25th, 1854. Promise to pay $893.73 to D.B. Munger with the interest rate of 3% per month. Signed by J.E. Meacham, president, and Turner, the secretary. This mine was capitalized at $100,000 and was located just each of Rancho Cordova on Deer Creek flowing into the Cosumnes River. The mining office was in Prairie City, a Gold Rush mining community on the American River near Folsom. Dredging in the early 1900s is believed to have covered the townsite in river rocks. In July 1853, Prairie City reached the height of its prosperity, and included fifteen stores and ten boarding houses and hotels. Two stage lines operated daily. A $50,000 quartz mill operated there in the 1850s. Folds, light other wear. 3.75 x 8.25"

Date: 1854
Country (if not USA):
State: California
City: Prairie City