The Mohawk being situated only a stone's throw from the Combination
mine, the idea that the Mohawk might turn out to be another Combination
was common in Goldfield. Hayes and Monnette were startled--almost
frightened--at their success. Yielding for the moment to the warning of
friends, who urged upon them the possibility of the ore soon pinching
out, Hayes and Monnette called at the offices of the Trust Company and
offered to sell their lease, which had six months to run, for $200,000
cash and $400,000 to be taken out of the net proceeds of the ore. My
gambling instinct was aroused.
"I will take it," I said.
I sent over to the State Bank & Trust Company, and had a check
certified for the $200,000. I was about to close the deal when Mr.
Sullivan and "Jack" Campbell protested.
"I ought to have fifteen days to examine the mine," urged Mr. Campbell.
"It is too big a chance to take," declared Mr. Sullivan.
When appealed to, Hayes and Monnette said that to allow a fifteen-day
examination would mean practically to shut down the property for that
period and would result in a positive loss to them because of the
limited period of their lease. The extent of the loss, if the deal fell
through, was too large to contemplate, and they refused.
Day by day, as Mr. Campbell and Mr. Sullivan dilly-dallied, the output
of the lease increased, and when, a fortnight later, all three of us
were unanimously in favor of the proposition, Hayes and Monnette flatly
refused to sell. Within half a year that lease on the Mohawk produced
in the neighborhood of $6,000,000 worth of ore gross, and netted the
leasers about $4,500,000. The Sullivan Trust Company certainly
"overlooked a bet" there.
During this period I spent an evening with Henry Peery and W. H.
("Daddy") Clark. Mr. Clark, like Mr. Peery, hailed from Salt Lake. Mr.
Clark had successfully promoted the Bullfrog Gibraltar. Seated around a
table in the Palm Restaurant, the conversation turned to new camps.
"Rice," said Mr. Clark, "I expect to be able to put you in on a
townsite deal in a couple of weeks that will make you some money if you
undertake to give the camp some publicity."
"Good," said I.
"I am having some assays run," he said, "of some samples which were
brought into camp last night by a couple of prospectors, and if they
turn out to be what the prospectors claim, or anything near it, we'll
need your services to put a new camp on the map."
That night Mr. Peery learned from the assayer that the lowest assay of
16 samples was $86, and the highest $475, per ton. Next morning Mr.
Peery informed me that he had remained all night with Mr. Clark to
learn where the ore came from. Mr. Peery said that Mr. Clark had told
him, in the wee sma' hours, that the place was Fairview Peak, fifty
miles east of Fallon.
"Rice," said Mr. Peery, "let's beat him to it. He's going to trek it
across the desert by mule team with a camp outfit to-morrow, and it
will take him a week to get there."
Public-domain text, read in full here on John Shaqi.
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