Report of the Amador Mining Company, 1868

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Report of the Amador Mining Company, 1868
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Report upon the Property Amador Mining Company, Amador County, CA By William Ashburner and Henry Janin, Mining Engineers. Dated February 28th, 1868. 21 pages. Pink soft cover. Worn covers. The Amador Mining Co. was an early California gold quartz mine and the richest producer. It is located at Sutter Creek and was owned and operated by Messrs. Hayward & Co. from 1855 till the date of this report which was published shortly after the company’s incorporation. The ore assayed from $20 to $95 per ton. The company was incorporated on October 10th, 1867 by Trustees, Alvinza Hayward, L. A. Garnett, F. Sunderland, A. H. Rose, and S. F. Butterworth. Alvinza Hayward also owned the adjacent Old Eureka which opened in 1852. By 1867 this mine was operating a 56 stamp mill, and in 1869 the mine was purchased by the Amador Mining Company for $750,000. The Amador Mining Company was the largest quartz mine in the county and later became the Keystone Company. From Report upon Precious Metals by William P. Blake 1869, “The Amador Mining Company represented by 3,700 shares, at a par value of $400. The bullion returns during two weeks in October, 1867, amounted to $16,580. It was incorporated October 10, 1867, and since that time, to the end of the year, produced $111,826.63 in bullion; the dividends disbursed during the same period amounted to $66,600. The receipts in December were $35,121 33. The quantity of ore reduced during the last three months of the year was 5,018 tons. The average value of the ore for 13 months was $22 06 per ton. The cost of mining and milling was $6.06; leaving a profit of $16 per ton. This stock has never been assessed. It has been sold as low as $200 per share. “

Date: Location: Amador County, California HWAC# 572056