REPUBLIC CONSOL. GOLD MINING Stock 1899 Republic, Ferry Co., WA. Patsy Clark SIG

Description

Republic Consolidated Gold Mining Company. Stock issued April 13, 1899 at Spokane, Washington
. Incorporated in March 1899 in the State of Washington. Embossed company seal lower left. Certificate No. 863 was issued to George A. Case for 500 shares of capital stock ( per share). Company capital was
,500,000.
Hand signed by company
president Patrick Clark (see bio below)
and secretary Charles S. Ethrige. Certificate is about 7.5” x 10.” Black print with green borders.
The Republic Consolidated Gold Mining Company was formed in 1899 by Patrick (“Patsy”) Clark to consolidate the original Republic Mine with adjacent mines at Eureka, Washington (later renamed Republic) in Ferry County. On March 5, 1896, the Republic claim was staked by Thomas Ryan and Philip Creasor along Granite Creek, a branch of the Sanpoil River. The resulting Republic Mine eventually became the highest producer of gold in the county. On April 18, 1896, the Republic Mining District, originally called the Eureka Mining District, was established. The first ore mill for processing low grade ore in the district was constructed in May, 1898, while highest grade ores were hauled 80 miles east to Marcus, Washington partway by cart and then via the Spokane Falls & Northern Railroad branch line for the remaining distance. Between 1899 and 1900 stamp mills were constructed at the Mountain Lion mine in the northwest part of camp and the Republic Mine in the south resulting in a brief period where all of the district's ore was milled in the camp. (see attached photos of the Republic Mill site, ore wagons from the Republic Mine at Marcus, Wa, and the republic camp)
Patrick (“Patsy”) Francis Clark (1851 – 1915) was born in Ireland and went on to become a hugely successful mining tycoon in Montana, Utah, Idaho, and Washington, where he resided in Spokane. Clark went to Spokane in 1896 and opened the Poorman Mine in the Coeur d’Alene District, the War Eagle Mine at Rossland, British Columbia, and the Republic Mine in Ferry County, Washington. After overcoming difficult transportation and processing challenges, the Republic Mine became highly profitable. The Republic Mining Company issued its first dividend on October 10, 1898, attracting a huge influx of prospectors seeking claims in the area. During its first year, the Republic Mine earned over 0,000, of which 0,000 was paid out in dividends. The town of Eureka, renamed Republic, became a boomtown, with choice lots soaring from 0 to ,500 within two years. Patsy Clark eventually sold his major interest in the mine to a Montreal syndicate for the then astronomical sum of ,500,000. Local historians regard Patsy as the “Father of Republic.” In 1906, Patsy founded the Furnace Creek Copper Company and established the settlement of Furnace in Death Valley, California.
Condition:  Very Fine+
, light folds, minor creasing, no tears, minort signs of wear/handling/toning (see photos),
uncancelled.
Printer:
The Blatchly Company, Tacoma, Washington.
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