This reduced the number of companies working the Folsom District down to just two: the Natomas Consolidated and Ashburton Mining Company. The Natomas Consolidated Company was formed on January 1, 1909, from the consolidation of the Folsom Development Company, Natomas Development Company, El Dorado Gold Dredging Company and the Natomas Vineyard Company. Remaining gold-bearing gravel in the river channel was at a level too deep to be economically recovered through traditional methods.ĭredging the riverbed became the next step in mining.Īround 1902, the Folsom Development Company acquired rights to dredge and placer gravels in the river. The Natoma Water & Mining Company of 1853 was organized by Catlin to bring water to the area from the South Fork of the American River for mining and other uses.īy the end of the 19th century, placer mining along the American River was no longer economically viable on a small scale. Goggin, agent for the Department of the Post Office on the west coast, asked Catlin for a name for the new post office being set up on Mormon Island.Ĭatlin offered the name Natoma which was a Maidu Indian name meaning clear water in the local dialect. Catlin came to Mormon Island in 1849 where he mined and practiced law.
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