Homestake Mining Company (Dakota Territory) scarce stock certificate signed by founder, J.B. Haggin - 1881. Punch and stamp cancelled. Black border and print, vignette of Native Americans looking down at city. Printed by ABN.
"Location: Whitewood Mining District, Lawrence County, Dakota Territory." George Hearst, Lloyd Tevis, and James Ben Ali Haggin bought the 10-acre Homestake Mine from its discoverer, Moses Manuel, for $70,000, and incorporated the Homestake Mining Company on November 5, 1877. It produced more than 40 million troy ounces of gold in its lifetime.
James Ben Ali Haggin (December 9, 1822 – September 12, 1914) was an American attorney, rancher, investor, art collector, and a major owner and breeder in the sport of Thoroughbred horse racing. Haggin made a fortune in the aftermath of the California Gold Rush and was a multi-millionaire by 1880.
J. B. Haggin and Lloyd Tevis, married sisters, daughters of Colonel Lewis Sanders, a Kentuckian who had emigrated to California. Haggin and Tevis acquired the Rancho Del Paso land grant near Sacramento. The two invested in the mining business with George Hearst as one of their partners. Hearst, Haggin, Tevis and Co. became one of the largest mining companies in the United States; its operations included the Ontario silver mine in Park City, Utah, the Homestake Mine in South Dakota, and with Marcus Daly, the Anaconda Copper Company in Montana.
History from RM Smythe.
