Union Mill & Mining Co. Promissory Note Issued to William Sharon (113555)

Currency:USD Category:Collectibles / Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Union Mill & Mining Co. Promissory Note Issued to William Sharon  (113555)
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Bank of California promissory note for $80,495, issued to William Sharon by the Union Mill and Mining Company, Sept. 19th, 1872, San Francisco. Signed by William Sharon as president. Pen cancelled. Sharon was one of the most powerful men on the Comstock, running the Bank of California for William Ralston. The bank made a fortune by loaning to mining companies and then seizing their properties when they defaulted. Sharon was instrumental in the creation of the Virginia and Truckee Railroad, which he wanted to connect the Comstock with the ore mills he owned along the Carson River (with Ralston). Later in life, he also served as a U.S. senator. The Union Mill & Mining Co. was the organization that managed the Bank of California's large number of Comstock mines and mills. (Fair, Flood, Mackay, & O'Brien later organized the Pacific Mill & Mining Co. to do the same for their properties). Here, Sharon is loaning the company a large sum, about the same time that Fair & Mackay were becoming a force to be reckoned with. 4 x 8" Folds, pinholes.

Date: 1872
Country if not USA:
State: Nevada
City: Virginia City
Provenance: Fred Holabird Collection