OATMAN GOLD MINING & MILLING COMPANY Stock 1927. Oatman, Mohave County, Arizona

Description

Oatman Gold Mining and Milling Company. Stock issued March 18, 1927. Incorporated in 1914 in the State of Arizona.
Embossed company seal lower left. Certificate
No. 2562
was issued to F. B. Casson for 1,000 shares of capital stock ( per share). Company capital was
,000,000
. Hand signed by company
vice president C. W. Herndon
and assistant secretary R. B. Walker. Certificate is about 8” x 11.5.” Black print with orange borders and underprint.
Vignette-photograph of the mines at Oatman, Arizona.
The Oatman Gold Mining and Milling Company owned the Kokomo Mine (also called the Oatman Gold Mine) located about four miles east-northeast of the town of Oatman. Oatman is an old mining town in the Black Mountains of Mohave Country, Arizona, located at an elevation of 2,710 feet, it began as a small mining camp soon after two prospectors struck a million gold find in 1915, though the vicinity had already been settled for a number of years. Oatman's population grew to more than 3,500 in the course of a year.
Historically, the Oatman Mining District is Arizona's third largest gold producer. A gold-bearing ore shoot was discovered in a prominent quartz vein outcrop in the early 1860s. Shortly after this discovery, other gold-bearing veins were located nearby to the east and southeast, but nearly 40 years passed before the major gold mines of the Oatman District were opened for production. In the early 1900s, work began at the Tom Reed, United Eastern, and Gold Road Mines, which were the three greatest gold mines in Arizona, and were by far the most productive in the district. Between 1870 and 1980, the Oatman District produced more than one million ounces of silver and nearly two million ounces of gold.
Oatman's boom was influenced by the Tom Reed and Gold Road Mines, but the town's population swelled from about 30 in 1916 to 5,000 in 1917 and 10,000 by 1924 primarily due to the development of the United Eastern Mine.
Around 1916, the Mohave-Oatman Water Company constructed a water and sewage system in the Oatman District for a cost of between 0,000 and 0,000. Water was pumped from wells on the east bank of the Colorado River through a 20-inch pipe to an intermediate reservoir of 2,500,000 gallons. The pipeline covered 9.5 miles up a height of 1,762 feet. From there, the water traveled in an 8 in pipe through various townsites to its main reservoir at Oatman, also of 2,500,000 gallons. Ore production peaked in 1920 and then sharply declined in 1924 as gold ore grades decreased, reducing the profitability of extraction given gold prices at the time.
Condition:  Very Fine
, light folds, minor creasing, no tears, minor-moderate signs of wear/handling/toning (see photos),
uncancelled.
Printer:
(none noted)
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