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Details
HOOKER, W. A. The Horn Silver Mine Report. March 1879. New York: Kilbourne Tompkins.
4o. Illustrated with numerous charts and maps, several in color. Printed wrappers (covers detached), four punch holes at left margin, company stamp on upper cover; cloth folding case.
A KEY REPORT USED IN JAY COOKE'S DEVELOPMENT OF THIS PRODIGIOUS SILVER LODE. Hooker's engineering report estimates the size of the lode at some 300 feet deep, 50 feet wide, containing an estimated 513,000 tons of ore, with a projected profit of $34.96 per ton. "It should, however, be said that this estimate is in every respect a conservative one." This was enough for Jay Cooke to get financial backing from a consortium that included Jay Gould and the Mormon Church. The mine did indeed prove a money maker. And the boom town of Frisco that grew up around it became infamous. One contemporary described it as a combination of Dodge City, Tombstone, Sodom and Gomorrah. Cooke sold out his shares for $1 million, and the mine produced some $13 million for its investors before a catastrophic collapse slowed production temporarily in 1885. It soon revived, and continued to produce half of the nation's silver ore.
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A KEY REPORT USED IN JAY COOKE'S DEVELOPMENT OF THIS PRODIGIOUS SILVER LODE. Hooker's engineering report estimates the size of the lode at some 300 feet deep, 50 feet wide, containing an estimated 513,000 tons of ore, with a projected profit of $34.96 per ton. "It should, however, be said that this estimate is in every respect a conservative one." This was enough for Jay Cooke to get financial backing from a consortium that included Jay Gould and the Mormon Church. The mine did indeed prove a money maker. And the boom town of Frisco that grew up around it became infamous. One contemporary described it as a combination of Dodge City, Tombstone, Sodom and Gomorrah. Cooke sold out his shares for $1 million, and the mine produced some $13 million for its investors before a catastrophic collapse slowed production temporarily in 1885. It soon revived, and continued to produce half of the nation's silver ore.