The Black Hills, Mid-Continent ResortWilliams, Albert N. (Albert Nathaniel)
History
The Black Hills, Mid-Continent Resort
Williams, Albert N. (Albert Nathaniel)
Black Hills (S.D. and Wyo.) -- Description and travel
They seem to have hit it with a vengeance, not mere placer gold in the
stream bed but a genuine lode, for on April 9, 1876, they patented the
claim known as the Homestake. Discarding for the moment all idea of
going on home with whatever meager wealth this “last” try should bring
them, the Manuel brothers immediately consolidated their position by
going into partnership with another prospector and taking shares in the
Golden Terra, an adjoining piece of real estate, the Old Abe, and the
Golden Star. The immediate returns, by the ton, are not today known, but
they must have been substantial, for the lucky brothers built an
arrastra—a crude millstone affair for grinding ore—and managed to pocket
more than five thousand dollars in their first year of operation.
In the natural run of events the Homestake and the adjoining parcels
which the Manuel brothers were operating would probably have worked well
enough for a year or so, and would then have suffered the fate of
thousands of other diggings throughout the gold-rush West—the surface
ores would have played out, and because of the high cost of following
the lodes deeper into the earth than a few dozen feet, the mines would
have been abandoned. But in this case a San Francisco syndicate came
into the picture, providing the necessary capital funds for the
searching out of whatever ultimate wealth the Homestake might have.
This syndicate of Pacific Coast businessmen included James Ben Ali
Haggin, a partner in the highly solvent Wells Fargo express company, and
Senator George Hearst, the father of the publisher, William Randolph
Hearst. These vigorous men sent a mining engineer into the Hills in 1877
to canvass the location for possible investments; and in the course of a
detailed examination of whatever properties seemed to be paying well,
this emissary from Market Street came upon the brothers Manuel. A
superficial examination of the Homestake and the Golden Terra sufficed
this engineer, and he optioned them both, the first for seventy thousand
dollars and the second for half that sum. Returning immediately to
California, he delivered to his employers samples of this richest gold
mine in North America, and without delay Senator Hearst went to South
Dakota to see for himself.
What he saw impressed him most favorably, for upon his return to
California he owned both the Terra and the Homestake, as well as several
other claims on the same hill, a total of ten acres of mining property.
That small figure is significant in the light of the fact that the
Homestake Mining Company today owns more than six thousand acres of
mining claims.
Public-domain text, read in full here on John Shaqi.
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