South Pacific Mining Company

Incorporated in New York by 1881. Signed by J. A. Baker as Secretary, namesake of Baker, California. Mines located in the old Salt Springs area in Death Valley. In 1881, J. M. Seymour and C. A. Luckhardt gave this worthless property an exotic stage name, added to the board some respected individuals not previously associated with mining scams, and promoted the property until it became the speculative favourite of Broadway. The price went from $1 par to over $14. They made millions at the expense of unsuspecting market players and investors. (Holabird – Lingenfelter, 1986, Death Valley & the Amargosa, p.158-159).
California $500,000 in shares of $1.