Monday, January 30, 2017

Catawba County's Gold Mine for Sale, 1916

“May Sell Mine,” from the Hickory Daily Record, January 3, 1916

The famous Catawba gold mine in the southeastern part of the county steps into the spotlight again by reason of an agreement between litigants to sell the property at private sale, if possible by the first Monday in May; or at public auction, if private sale fails, on June 11.

The mine has yielded good returns of the precious metal and a fortune has been spent in machinery, but there has been more or less trouble for years, and finally the place was shut down. Some time since George R. Collins was appointed receiver, but the company was able to restrain him from acting. Now he and W.C. Feimster of this place are made sale commissioners with the instructions to proceed under a consent judgment.

Dr. Westray Battle of Asheville and others have been the plaintiff in the litigation while the Catabwa Gold Mine Company and the bondholders are the defendants. The property while in litigation has been sold once or twice for taxes and bid in by local people who made a bit of money out of it. There is a report that $150,000 worth of machinery has been put in the mine.

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