Lot 62: California Gold Rush, 1852 – Fremont Mariposa mines

PBA Galleries

2016-01-13 11:46:09

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Lot 62: Author: N/A; Title: 1852 letter, Philadelphia investors in John Fremont's Gold Rush mine; Place Published: Philadelphia; Publisher: N/A; Date Published: 1852; Description: Charles Schaffer. Autograph Letter Signed. Philadelphia. Oct. 11, 1852. 2pp. To J.[ohn] L.Newbold, Piccadilly, London. Schaffer, a physician, and Newbold, a Philadelphia lawyer, were among the investors in the newly-incorporated "Philadelphia & California Mining Company", one of the first Eastern ventures in California Gold Rush mining, having contracted to lease 600 square feet of quartz gold mining land from the Mariposa estate of legendary explorer John C. Fremont. The enterprise was the brain-child of 49-er George W. Wright, a Massachusetts Yankee and San Francisco banker who was who the first US Congressman elected from California, at the same time that Fremont, his life-long friend and business partner became one of the new state's first US Senators. The Company had ties to British finance and Schaffer wrote Newbold, then in London (as were Wright and Fremont) that he had been advised of "the necessity of exercising our right under the lease from Col. Fremont at an early period. I will press the matter before the Directors and see that a letter is written to Mr. Wright...Will you confer with Mr. [H.S.] Parke" - whom the investors had sent to California to examine the Fremont mine. Parke has assured Schaffer, 'If we make much headway within the next 2 months, I am satisfied, but I think we shall succeed..." He had also pleaded for $500, beyond the paltry amount the Company directors had given him for California expenses, as "my expenses here are very great." Schaffer was "in favor of being liberal with our agents and if we are going to succeed that sum of $500 is no consideration."Complete description available. Please contact pba@pbagalleries.com for more information. Condition: Very good. PBA Galleries' Sale 578: Americana, Travel/Exploration, Cartography, African/Asian Americana and Directories Thursday, 28th January 2016 Estimate: $400-600
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