1898 Lloyd Tevis - Gold & Copper Mining Giant Mogul signed Stock Certificate

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1898 Lloyd Tevis - Gold & Copper Mining Giant Mogul signed Stock Certificate:
$99.00

This is an original and genuine stock certificate -- signed by Lloyd Tevis -- Tevis - George Hearst and James Ben ali Haggin -- controlled most of America\'s Gold - Silver and Copper mining for many years -- they were all considered the GREATEST --- MINING KINGS ---------

Lloyd Tevis

Lloyd Tevis(March 20, 1824 – July 24, 1899) was a banker and capitalist who served as president ofWells Fargo & Companyfrom 1872 to 1892.

Contents[hide]

1Early life
2California
3Wells Fargo
4Mining interests
5Later life
6Earthquake of 1906
7See also
8References
9Sources
10External links

Early life[edit]

Lloyd Tevis was born inShelbyville, Kentucky, the son of Samuel and Sarah (Greathouse) Tevis. His father was a prominent attorney and circuit court clerk, and from 1842 to 1844 Lloyd studied law in his office and assisted him as court clerk. After a further period of study and work in a neighboring county, he became a salesman with a wholesale dry goods company inLouisville, Kentucky. He was highly regarded, and when the company failed he was appointed assignee.

On the basis of his performance in this position, Tevis was offered, and accepted, a place in the Bank of Kentucky in 1848. He left the bank shortly, however, to accept a position with an insurance company inSt. Louis, Missouri.[1]

California[edit]

Tevis went toCaliforniato join the gold rush in the spring of 1849. Finding little success in the diggings, at the end of the year he went toSacramentoand secured a position in the county recorder\'s office. Saving money from his salary, after a few months he made his first investment in land, purchasing a lot for $250. In October 1850 he joined a recent acquaintance,James Ben Ali Haggin, in opening a law office in Sacramento. They moved toSan Franciscoin 1853.[2]Haggin and Tevis acquired theRancho Del Pasoland grant near Sacramento.

Haggin and Tevis married sisters, daughters of Colonel Lewis Sanders, a Kentuckian who had emigrated to California. Tevis married Susan G. Sanders on April 20, 1854. The Tevises were the parents of three sons and two daughters.[2]

Tevis was one of the principal owners of theCalifornia Steam Navigation Companyand one of the projectors of telegraph lines throughout California. In the negotiations for the sale of the California State Telegraph Company to theWestern Union Telegraph Company, it is said that his profits and commissions amounted to $200,000. He was also the leading promoter of the California Dry Dock and the California Market in San Francisco, the president and principal owner of the Pacific Ice Company; and one of the early manufacturers of illuminating gas in California. At one time Tevis owned 1,300 miles of stagecoach lines in California, horse-drawn streetcar lines in San Francisco, and ranch lands with thousands of head of cattle and sheep. He was a pioneer in the reclamation of \"tule\" or swamp lands in central California.[3]

Wells Fargo[edit]

In May 1868 Tevis joinedDarius Ogden Mills, H.D. Bacon,Leland Stanford,Mark HopkinsandCharles Crockerin forming the Pacific Union Express Company. This concern began operating in 1868 between Reno andVirginia City, Nevada, and received a ten-year exclusive contract to operate over theCentral Pacific RailroadandUnion Pacific Railroad. Stock ofWells Fargo & Companydeclined in price, Tevis and his associates purchased quantities of it, and by the fall of 1869 he was in a position to control Wells Fargo. Faced with the need to get Tevis\' exclusive railroad contract, in the so-called Omaha Conference of October 4, 1869, Wells Fargo accepted Tevis\' controlling interest and arranged for the consolidation of Pacific Union Express and Wells Fargo, which occurred in 1870.[4]Tevis was elected vice president and a director of Wells Fargo in 1870.[5]

Elected president of Wells Fargo in 1872, Tevis served in that capacity until 1892. He was also a large shareholder of theSpring Valley Water Company, the Risdon Iron Works, theOccidental & Oriental Steamship Company,[6]and theSutro TunnelCompany of Virginia City. Tevis was also one of the promoters of theSouthern Pacific Railroad, serving briefly as acting president of the company (in place of Stanford) in 1869-70 after its acquisition by the Big Four - Stanford, Hopkins, Crocker andCollis P. Huntington.[3][7]

Mining interests[edit]

A sound operator, Tevis made his most risky ventures when he went into gold, silver and copper mining on a large scale. He was owner or part-owner of gold and silver mines inCalifornia,Nevada,Utah,Idaho, andSouth Dakota. Tevis, Haggin andGeorge Hearst, asHearst, Haggin, Tevis and Co., owned theHomestake gold minein theBlack Hillsand theOntario silver minein Utah, and Tevis, Haggin, Hearst andMarcus Dalyowned the greatAnaconda copper strikeinMontana.[8][9][10][11]

In 1897 the Hearst share of the Anaconda copper properties was sold to an English syndicate. Two years later in May 1899, Tevis, Haggin and Daly sold their shares to a syndicate led byJohn D. Rockefeller. For his share Tevis is said to have received $8 million.[3]

Later life[edit]

Tevis said he could think five times as fast as any man in San Francisco.[12]Often he proved it. However, in later years it is said that he relaxed banking practices too much.John J. Valentine, Sr.and other Wells Fargo directors were critical of his administration following an extensive audit in 1891. On August 11, 1892, Tevis was forced out as president of Wells Fargo with Valentine elected his successor. Further pressure resulted in Tevis\' resignation from the board of directors a year later, on August 10, 1893.[13]

Two months after selling his interest in the Anaconda properties, Tevis died in San Francisco on July 24, 1899, survived by his wife and five children.[14]

Earthquake of 1906[edit]

In the San Francisco earthquake and fire of April 18, 1906, Tevis\' son, Dr. Harry Tevis, rescued the opera singersEmma EamesandMarcella Sembrichand brought them to the wooden Tevis mansion on Nob Hill. When it became obvious the next day that the house would be destroyed by the advancing fires, Tevis led them to the safety of North Beach.[15]

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