Donald Mackenzie, of Goldfield, promoter of the successful
Frances-Mohawk Mining & Leasing Company at Goldfield, which netted over
$1,500,000 from Mohawk ores, and distributed all of 20 per cent. of
this amount to stockholders in the shape of dividends, pushed out the
Greenwater Red Boy Copper Company and the Greenwater Saratoga Copper
Company, with a capitalization of $1,000,000 each. Thomas B. Rickey,
president of the State Bank & Trust Company of Goldfield, Tonopah and
Carson City, was president of both of these companies, and J. L.
("God-Bless-You") Lindsey, cashier of the State Bank & Trust Company,
was treasurer.
Greenwater Consolidated, Greenwater Copper, Furnace Creek Oxide Copper,
Greenwater Black Oxide Copper, Greenwater California Copper, Greenwater
Polaris Copper, Greenwater Pay Copper, Pittsburg and Greenwater Copper,
Greenwater Copper Range, Greenwater Ely Consolidated, Greenwater
Sunset, New York & Greenwater, Greenwater Etna, Greenwater Superior,
Greenwater Victor, Greenwater Ibex, Greenwater Vindicator, Greenwater
Prospectors', Greenwater El Captain, Greenwater & Death Valley
Extension, Greenwater Copper Queen, Greenwater Helmet, Tonopah
Greenwater, Furnace Creek Gold & Copper, and Greenwater Willow Creek
were the names of a score of others with capitalizations ranging all
the way from $1,000,000 to $5,000,000 each.
Among these the Greenwater Willow Creek Copper Company boasted of the
fanciest directorate. George A. Bartlett, Nevada's lone Congressman,
was president, and Richard Sutro, then head of the world-known New
York banking house of Sutro Bros. & Co., was advertised as first
vice-president. Henry E. Epstine, the popular Tonopah broker, was
second vice-president, and Alonzo Tripp, general manager of the Tonopah
& Goldfield Railroad, was a director.
Did I fall for Greenwater? Yes, and at the eleventh hour.
On the half-hearted recommendation of the trust company's engineer,
"Jack" Campbell, the L. M. Sullivan Trust Company paid $125,000 for a
property in Greenwater that boasted of two ten-foot holes. On two sides
it adjoined the property of the Furnace Creek Copper Company, the
original location in the camp. Our engineer reported that if "Patsy"
Clark's Furnace Creek Copper Company, shares of which were selling in
the market at a valuation of $5,500,000 for the property, had any ore,
we certainly could not miss it. No matter which way the veins trended,
our ground must be as good as "Patsy's," because the identical vein
formation passed through both properties.
The Sullivan Trust Company thereupon incorporated the Furnace Creek
South Extension Copper Company to operate the property. The
capitalization was 1,250,000 shares of the par value of $1, of which
500,000 shares were placed in the treasury of the company to be sold
for purposes of mine development.
Public-domain text, read in full here on John Shaqi.
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