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Sutro Tunnel Company - California 1887  

Sutro Tunnel Company - California 1887

Product #: newitem167942114

Normal Price: $199.95
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PRODUCT DESCRIPTION  
Beautiful certificate from the Sutro Tunnel Company issued in 1887. This historic document was printed by the National Banknote Company and has an ornate border around it with a vignette of an Native American sitting on top of a hill. This item has the signatures of the Company’s President, and Secretary, Pelham N. Amas and is over 122 years old.

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Certificate Vignette



The Sutro Tunnel is a drainage tunnel located under the Comstock Lode in Northern Nevada. It begins at Virginia City, Nevada and empties approximately 6 miles southeast near the town of Dayton, Nevada.

The tunnel was first envisioned by Adolph Sutro in 1860. He promoted the drainage tunnel in order to allow access to deeper mineral exploration in the Comstock. Ground water had inhibited some exploration activities up to that time.

By 1865, Sutro's idea had gained the approval of state and federal legislation. The mining interests of the Comstock also initially supported the tunnel project, but later strongly opposed the idea. They feared that an alternate access point to the Comstock minerals would threaten their monopoly on the mining and milling of gold and silver in the Comstock.

Nonetheless, Sutro formed the Sutro Tunnel Company, selling stock certificates to raise funds for its construction, which began in 1869. Financing also came from local miners under the guise of improved mine safety. This was further advocated (perhaps exploited) by Sutro after the Yellowjacket mine disaster where dozens of miners were burned to death because they could not escape the mine.

Arthur De Wint Foote worked on the tunnel in 1873, but was fired in 1874, having struck a flood of water in Shaft No. 2.[1]

The main tunnel was completed in 1878. Lateral tunnels were also created to enhance drainage and ventilation. Upon completion, Adolph Sutro immediately sold his interest in the tunnel company and moved to San Francisco, later becoming mayor of that city.

The Sutro Tunnel pioneered the excavation of large drainage and access tunnels in the United States. Later US mine drainage tunnels included the Argo Tunnel at Idaho Springs, Colorado, the Leadville and Yak tunnels at Leadville, Colorado, and the Roosevelt tunnel in the Cripple Creek district, Colorado.

History from Wikipedia and OldCompany.com (old stock certificate research service).

Product #: newitem167942114

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WASHINGTON, DC - Scripophily.com / Old Company Stock and Bond Research Service recently acquired the Old Stock & Bond Research Archives from Herzog & Co., Inc.  The asset purchase includes all archives, publishing rights and copyrights on obsolete research reference material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog & Co., Inc. obsolete research services, which have been performed continuously since 1880.  John Herzog, President of Herzog & Co., Inc. said “My wife, Diana, and I are very pleased with this transfer to Scripophily.com, and know that Bob will continue his excellent work and spearhead the digitizing and reorganizing of this classic American research that we were always proud to have taken part in continuing.” 

Scripophily.com / Old Company  Research Service, successor to all material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog & Co., Inc. obsolete research services, which have been performed continuously since 1880, is the leading provider of authentic stock certificates, autographs, and old company stock research services. Our company was founded by Bob Kerstein, CPA who is a member of the American Institute of Certified Public Accountants, California Society of Certified Public Accountants, and the Virginia Society of Certified Public Accountants.  We have been collecting and selling old stock and bond certificates since 1990. Scripophily.com started operating on the Internet in January 1996 with the goal to promote the history of old companies and help educate everyone about the wonderful hobby of collecting stock and bond certificates called Scripophily. 

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