Rhyolite Mining Stock Exchange Document (108001)

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Rhyolite Mining Stock Exchange Document   (108001)
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"Official Daily List Rhyolite Mining Stock Exchange Call Room and Office Ray Block" from Rhyolite, Nevada dated April 30, 1907. This document lists Officers as Geo. W. Thatcher, Presiden, J.L. Cadogan, Vice President, George Vaughn, Secretary and George Keenan, Treasurer. A complete list of the eight Governing Board Members and approximately 75 members is also listed, including the names of Gaut, Kincaid, Knapp, Lowry, Moffat, Overbury , Sanford, Shaw, Thoma, Taylor, , Cook, and many others. A report of the Public Sessions Names every stock traded on the exchange (approximately 150 stocks are listed, 34 of which are mines in operation, while the remainder are "prospects" but include some other business outside of mining, such as the Shoshone National Bank) with "Bid." and "Asked." amount, followed by the Official Sales on May 30, 1907. Bullfrog Mines and Prospects, Echo-Lee District Mines, Tonopah Mines and Prospects, Goldfield Mines and Prospects, and 10 listings from "Other Districts" are included. Some of the mines asking the highest are Homestake (and Ext.), Gold Bar, Tonopah (and Ext.), West End, Goldfield Consolidated Mine, Jumbo (and Ext.)and St. Ives. Goldfield prospects, Laguna and Silver Pick, were also asking over a dollar. Most of the remaining mines and prospects were asking pennies, the cheapest being Ohio Tonopah, Gold Bar So. Extension, Venture-Nevada, Baltimore, Big Bullfrog Mining Co., Bonanza Mountain, Lige Harris, Montana Bullfrog, Montgomery Hill, Rhyolite Townsite, Shoshone National Bank, and Magnet. Over one third of the stocks listed did not have any ask price, although a handful of those did have bids, a few of which were surprisingly high, such as Combination Fraction, Mohawk, Montana, Kewanas, and Jim Butler. There is no doubt this document will be of great interest to western mining enthusiasts. Printed by "Minor (Union Label) Print". The "Miner Print with Union Label" logo/printers mark is not readily identified in printing resources. Document measures 8" x 14" approx. Folded horizontally at center and torn half way along fold. small hold in the middle of the document but all print is legible. Yellowed paper and worn edge with chip at bottom right corner and small chips along right side. For it's age this document is in decent condition and all information is clear and legible. This is the first Rhyolite Mining Stock Exchange report we have seen in 30 years. Exceptionally rare, possibly unique. The town of Rhyolite has a short history. It sprang to life in 1905 after the discovery of high-grade gold ore in the Bullfrog District in 1904. The mining town was booming in 1907 with three railroads built to serve the new town, and at it's peak over 40 saloons. That year an estimated 6,000 people moved in with dreams of becoming rich. However, the San Francisco mining investors and robber barons tightened their purse strings after the big quake and the financial panic that swept western mining town in 1907 hit Rhyolite in it's infancy. When the high-grade ore turned out to be less plentiful than originally thought and very difficult to access the town residence packed up and left almost as quickly as they had arrived. Rhyolite didn't boom so much as fizzle out and by 1910 the population was less than 700. By 1916, the town was pretty much dead and in 1920, the population was only 14 lonely souls, holding out hope or too tired, old or sick to start over. Before long the town was completely deserted and nothing remains of it today, but another mining ghost town for passers by to photograph and bottle and token collectors to dig. The Rhyolite Stock Exchange opened in March 1907, making this possibly the very first report ever printed and the building that housed the exchange still exists in ruins in the Nevada desert.

Date: 1907
State/Country: Nevada
City/County: Rhyolite