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Quartz Reduction Company Stock Certificate (100883)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Quartz Reduction Company Stock Certificate  (100883)
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Gold Rush era stock issued in London. No 28962-28966, issued to Charles T Wilson, esq., of Northhamptonshire on August 26th, 1856. Signed by directors Cooper and (illegible), as well as the secretary. Not cancelled. Black print and fancy fonts. Left border trimmed. Folds, creases, rough right edge. 7.5 x 9.25" This company was formerly the Agua Fria. They worked the Agua Fria mine at Mariposa beginning in 1851 whose richness had been confirmed by assays by the Philadelphia Mint. It was located within a lease granted by Fremont to San Francisco bankers Palmer, Cook, & Co. over part of his Mariposa Estate. Palmer, Cook & Co.'s lease was for 7 years and 33,000 shares. Fremont was to receive a 1/6 royalty on gold produced. The property continued to show promising results and Fremont visited the mine. He was impressed enough to offer Palmer, Cook, & Co. "the entire upper range of the Mariposa property in exchange for the Agua Fria Mine." The company battled reports in newspapers that the value of the mine had been faked, as well as further land transactions involving Cook, and the Mariposa Estate. By Feb 1854, Captain Richard Williams had worked the property and raised 300 tons of rich quartz. However, water availability caused work to halt in April. The company also owned a processing plant at Gold Hill, Grass Valley. The company dissolved in 1856 and then became the Quartz Reduction Company. [Ref: Money Pits, John Woodland] Ken Prag Collection

Date: 1856
City/County: Mariposa
State: California