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NV - Bullfrog,Nye County - Bullfrog Apex Mining and Milling Company Stock - Gil Schmidtmann Collecti

Currency:USD Category:Collectibles / Western Americana Start Price:25.00 USD Estimated At:50.00 - 100.00 USD
NV - Bullfrog,Nye County - Bullfrog Apex Mining and Milling Company Stock - Gil Schmidtmann Collecti
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!!!
Incorporated in South Dakota, 1905; No. 427 unissued but has Bullfrog logo in center of certificate.

Bullfrog Apex Mining and Milling Company - Incorporated on August 4, 1905 by a by a group of promoters headed by J.J. Fagan and E.L. Andrews, the company promoted itself as the owner of 15 claims, only one of which was ever worked -- the North Bullfrog. But, there was a problem with the North Bullfrog claim as it intruded into the boundaries of the Delaware claim of the West Extension Company. Though the Apex Company knew about these conflicting boundaries when the North Bullfrog claim was filed, they forged ahead anyway. Work on the Apex ground started in the fall of 1905. In a race for other nearby companies, the Apex encountered encouraging ore values and stock sales were adequate. Confident in their claims, the promoters were confident enough that they decided to apply for a patent, which resulted in the West Extension Company to file a lawsuit against Apex. Though the dispute was tied up the courts, both companies continued to develop shafts and tunnels. But, when the Apex Company uncovered a vein of gold assaying $251 to the ton, the question was settled, and the legal battle intensified. With all the news of the legal battles, Apex suffered in the stock market and by May, 1906, its stock had fallen completely off the trading board. In the end, the Apex company lost their contest for the disputed ground and soon went out of business [Ref: http://www.legendsofamerica.com/nv-bullfrogmines.html].