The C. M. Sumner Investment Securities Company of Denver opened
subscriptions for the Greenwater-Death Valley Copper Company. (The
title of this company was a play on the name of the Greenwater & Death
Valley Copper Company.)
Tonopah citizens, not to be outdone, sallied forth with the Greenwater
Calumet incorporated for $1,500,000. Hon. T. L. Oddie, later Governor
of Nevada, then of Tonopah, and his brother, C. M. Oddie, followed the
lead and headed the Greenwater Arcturus Copper Mining Company, with a
capitalization of $3,000,000.
The Consolidated Greenwater Copper Company was fed to the hungry public
out of a Pittsburg trough, with general offices in the Keystone Bank
Building, and with a high-class Tonopah crowd on the directorate.
Eugene Howell, cashier of the Tonopah Banking Corporation, of which
United States Senator Nixon was president, was treasurer. John A.
Kirby, of Salt Lake City, until recently associated with George
Wingfield in the ownership of Nevada Hills, was president.
Arthur Kunze, who had sold the control of the Greenwater & Death Valley
Copper Company to Malcolm Macdonald, who in turn had interested the
Schwab coterie in the organization, put out a new one called the
Greenwater Copper Mining Company, with a capitalization of $5,000,000.
H. T. Bragdon, formerly president of the Goldfield Mining Company,
which is one of the integrals of the Goldfield Consolidated, headed the
Greenwater Black Jack Copper Mining Company, with a capitalization of
$1,000,000.
ALL THE COPPER IN THE WORLD
UNITED STATES Senator George S. Nixon of Nevada lent his name, along
with H. H. Clark, William Bayley and H. J. Woollacott, as a director of
the Greenwater Furnace Creek Copper Company, with a capitalization of
$1,500,000. The prospectus of this company announced that the ores were
"melaconite, azurite, chalcocite, and occasionally chrysocolla,
averaging 18 to 36 per cent. (copper) tenor."
"Taking the lowest percentage of ore reported by the company," says
Horace Stevens in the _Copper Handbook_ of 1908, "and the company's
own figures as to the size of its ore-bodies, the first 100 feet in
depth on this wonderful property would carry upward of 20,000,000 tons
of refined copper, worth, at 13 cents per pound, the comparatively
trifling sum of five billion, two hundred million dollars."
Mr. Stevens goes on: "The fact that a Major is manager of this company,
and a United States Senator is vice-president, will prove a great
consolation to the shareholders. It is indeed lamentable to note that
this magnificent mine, which carries, according to the company's own
statements, more copper than all the developed copper mines of the
world, is idle, and present office address a mystery."
Public-domain text, read in full here on John Shaqi.
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