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Third Annual Goldfield Consolidated Mines Company Report

Currency:USD Category:Collectibles / Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Third Annual Goldfield Consolidated Mines Company Report
SOLD
120.00USDto p*****0+ buyer's premium (30.00)
This item SOLD at 2018 Mar 17 @ 13:55UTC-7 : PDT/MST
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Pages are 9 x 6". Four full page high contrast photographs. Cover is made from finer paper. Pages and cover are firmly attached! Excellent condition. Includes an unrelated mining envelope from the Goldfield News and Weekly Tribune. "Dedicated to Upbuilding the Mining Industry since 1904."



The last great gold rush was already slackening by late 1907. The organization of the Goldfield Consolidated Mines Company, including most of the productive mines, by ex-gambler George Wingfield and U.S. Senator George Nixon, was turning Goldfield into a company town inhospitable to fortune hunters with high hopes. The radical miners' unions—the combined Western Federation of Miners and the Industrial Workers of the World—had been smashed in a drive led by Wingfield under the aegis of federal troops. To justify the army presence, the self-defense shooting of restaurateur John Silva by union organizer Morrie Preston had served as a useful propaganda tool. The overheated market in mining stocks had crashed. The decline in Goldfield mining stocks averaged sixty-five percent or more. Transactions shriveled. It is estimated that losses to investors far exceeded the value of mining production. [ONE - online Nevada encyclopedia] Date: 1909 Location: Goldfield, Nevada HWAC# 59413