"Billy" Taylor, who was interested with Mr. Peery in a Bullfrog
enterprise, joined the party, and we each gave Mr. Peery a check for
$500, forming a pool of $1,500 to send a man to Fairview to buy
properties there. Mr. Peery wired the Bank of the Republic at Salt Lake
to pay Ben Luce $1,500, and instructed Mr. Luce by wire to take the
money, go to Fairview and do business.
It was nearly two weeks before we heard of either Mr. Clark or Mr.
Luce. Mr. Clark returned to camp and said he had purchased from a group
of itinerant prospectors the Nevada Hills property, scene of the big
find, for $5,000, and that it was a "world-beater."
"Did you meet any outsiders there?" queried Mr. Peery.
"Yes," said Mr. Clark, "I met a man named Luce who almost got ahead of
me. In fact, he did buy the property before I got there, but he had no
money, and they would not take his check for $500, which was the
deposit required. I had the gold with me, and that settled it."
A few days afterward, Mr. Luce came to Goldfield.
"I didn't get the big one," he said, "but I bought the Eagle's Nest,
near by, for $7,000, of which $500 was demanded to be paid down, and
there is ore in it and it looks good to me. I had no money with me when
I arrived in Fairview. They refused my check for the Nevada Hills, but
the Eagle's Nest boys took it for their first payment of $500."
Mr. Luce was not at home when Mr. Peery's despatch was delivered in
Salt Lake. When it reached him the bank was closed. In order to catch
the first train he was compelled to leave the money behind. He arrived
in Fairview minus the $1,500, and thereby lost the Nevada Hills for Mr.
Peery, Mr. Taylor and the Sullivan Trust Company.
Mr. Clark and his partners incorporated the Nevada Hills for 1,000,000
shares of the par value of $5 each and accepted subscriptions at $1 per
share.
Within a few months the Nevada Hills paid $375,000 in dividends out of
ore, and soon thereafter, at the height of the Goldfield boom, it was
reported that the owners of the control refused an offer of $6,000,000
for the property. The mine has turned out to be a bonanza. The stock of
the company sold recently on the New York Curb and San Francisco Stock
Exchange at a valuation for the mine of $3,000,000, and it is believed
by well-posted mining men to be worth that figure. George Wingfield,
president of the Goldfield Consolidated who followed the Sullivan Trust
Company into Fairview and bought the Fairview Eagle, which is
sandwiched in between the Nevada Hills and the Eagle's Nest, is now
president of the Nevada Hills. Treasury stock of the Fairview Eagle was
sold in Goldfield at 40 cents per share. Recently the Nevada Hills and
Fairview Eagle companies were merged.
"Jack" Campbell reported favorably on the Eagle's Nest, and we decided
to organize and promote a company to own and develop the property.
Public-domain text, read in full here on John Shaqi.
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