Encyclopedia Dubuque
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BELL GOLD MINING COMPANY: Difference between revisions
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In 1879 addition shares of stock were advertised for sale. The proceeds were to purchase needed equipment. A Mr. Bell and a Mr. Cragin were said to have sold ten thousand shares in Chicago at $2.00 each, according to [[RHOMBERG, Joseph A.|Joseph A. RHOMBERG]]. It was stated, however, that the company wanted to keep the primary ownership in Dubuque. Specimens of the gold-bearing quartz were displayed at the [[BAYLESS BUSINESS COLLEGE]]. (1) | In 1879 addition shares of stock were advertised for sale. The proceeds were to purchase needed equipment. A Mr. Bell and a Mr. Cragin were said to have sold ten thousand shares in Chicago at $2.00 each, according to [[RHOMBERG, Joseph A.|Joseph A. RHOMBERG]]. It was stated, however, that the company wanted to keep the primary ownership in Dubuque. Specimens of the gold-bearing quartz were displayed at the [[BAYLESS BUSINESS COLLEGE]]. (1) | ||
In 2016 there was a mention of a Bell Gold Mining Company in Plumas County, California and its land status was unknown. ( | In May 1879 the ''Dubuque Herald'' carried an article that the mine was averaging a clean-up of gold valued at eight dollars per ton of material mined. This equaled a profit of five dollars with the remainder necessary to keep the mine in operation. (2) | ||
In 2016 there was a mention of a Bell Gold Mining Company in Plumas County, California and its land status was unknown. (3) | |||
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1. "Bell Gold Mining Company," ''Dubuque Herald'', February 18, 1879, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18790218&printsec=frontpage&hl=en | 1. "Bell Gold Mining Company," ''Dubuque Herald'', February 18, 1879, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18790218&printsec=frontpage&hl=en | ||
2. "Plumas County, California Mines," US-Mining.com. Online: http://www.us-mining.com/california/plumas-county | 2. "Caught on the Fly," ''Dubuque Herald'', May 20, 1879, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18790520&printsec=frontpage&hl=en | ||
3. "Plumas County, California Mines," US-Mining.com. Online: http://www.us-mining.com/california/plumas-county | |||
[[Category: Mining Company]] | [[Category: Mining Company]] | ||
Revision as of 22:00, 20 January 2016
BELL GOLD MINING COMPANY. In 1876 a group of prominent Dubuque residents established a company to mine gold in Plumas County, California. These citizens included Cornelius BAYLESS, J.C. PAINE, and Robert W. STEWART. The property of the company in Plumas County consisted of approximately seventy-five acres of mining ground. By 1870 three mines had already been discovered and examined. The prospectus stated that experts who examined the mines had said they were worth $150,000.
The company was named for the Bell Ledge which was discovered in California in 1873. According to the prospectus, this ledge was the source of deposits in Betsy's Gulch in which "rich surface deposits of quartz gold have been found in years past." Between 1852 and 1879, the prospectus claimed at least $750,000 had been washed from the ravine.
In 1879 addition shares of stock were advertised for sale. The proceeds were to purchase needed equipment. A Mr. Bell and a Mr. Cragin were said to have sold ten thousand shares in Chicago at $2.00 each, according to Joseph A. RHOMBERG. It was stated, however, that the company wanted to keep the primary ownership in Dubuque. Specimens of the gold-bearing quartz were displayed at the BAYLESS BUSINESS COLLEGE. (1)
In May 1879 the Dubuque Herald carried an article that the mine was averaging a clean-up of gold valued at eight dollars per ton of material mined. This equaled a profit of five dollars with the remainder necessary to keep the mine in operation. (2)
In 2016 there was a mention of a Bell Gold Mining Company in Plumas County, California and its land status was unknown. (3)
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Source:
1. "Bell Gold Mining Company," Dubuque Herald, February 18, 1879, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18790218&printsec=frontpage&hl=en
2. "Caught on the Fly," Dubuque Herald, May 20, 1879, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18790520&printsec=frontpage&hl=en
3. "Plumas County, California Mines," US-Mining.com. Online: http://www.us-mining.com/california/plumas-county