Bank of California Check 1875 signed by James Fair ( Comstock Bonanza King )

Bank of California Check 1875 signed by James Fair ( Comstock Bonanza King )

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Bank of California Check 1875 signed by James Fair ( Comstock Bonanza King )

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Beautifully engraved check from the Agency of the Bank of California Check issued in 1875. This historic document has an ornate border around it. This item is over 127 years old. In 1870, as was so typical of the furious ups and downs of the mining industry, the gold and silver of the Comstock Lode appeared to be running out. Production was down. Prices of mine shares plummeted. The future of the newly completed Railroad did not look bright. With low prices for mine shares, mines were easy to buy. Sharon and the Bank of California lost control of the Crown Point mine to John P. Jones and Alvinza Hayward. Soon after, John Mackay and James Fair, two mine superintendents, secretly bought the Hale and Norcross Mine. In May of 1873, a huge body of high grade ore was discovered in Mackay and Fair's Consolidated Virginia Mine. The discovery was the largest ever on the Comstock and became known as "The Big Bonanza." John Mackay and the other owners of the Consolidated Virginia pocketed a million dollars a month in profit. The owners of the Consolidated Virginia Mine and its "Big Bonanza," John Mackay, James Fair, James Flood and William O'Brien, became known as the Bonanza Kings. With their success in picking producing mines, they soon took control of the Comstock, wrenching financial power from Sharon and his associates at the Bank of California. They opened the Nevada Bank and soon locked Sharon and the Bank of California out of the financing business altogether.

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Item Details:

  • Reference #
  • agofbanofcal
  • Quantity
  • 1
  • Category
  • Coins & Currency
  • Department
  • Antiques
  • Year
  • See Description
  • Dimensions
  • Width: 0 inch
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