Comstock from the very start was the standard to which all others were compared. "Greater than the Comstock" became THE phrase when overnight established towns emptied out, always in haste across the mountains and desert in search of the next big prospect of wealth.
First used in 1860's,"Greater than the Comstock" was heard in mining circles, and in speculator's circles - reportedly sending the market into a see saw. Long after the Comstock itself was no longer, new prospects at such places as Rawhide, Bullfrog, Rhyolite brought many with only the belief that this was the "big one".
Those who belonged to this group ranged from the top hats on Nob Hill in San Francisco with their millions in discovered gold and silver, to the poor pioneer who, after a lifetime of searching, had only his mule and his pride left. Banks financed these bonanza fevers, even shady stock promoters like those that swindled millions out of British investors and brought relations between the US and Britain to an all time low in the 1800s.
Was anything "Greater than the Comstock"? Next time...
Showing posts with label greater than the Comstock. Show all posts
Showing posts with label greater than the Comstock. Show all posts
Thursday, May 6, 2010
Friday, April 30, 2010
Pioneer Pieces: The Shadows Fall
Many believe the Comstock mines finally gave out as the 1800s came to a close, but the facts say that's just not true. The vast ore deposits remained deep inside Mount Davidson, but the problem was the cost for mining this remaining ore was not economically justified - and it was extremely dangerous to do so. So the mines didn't give out - they just became unworkable.
As the shadows descend over the Nevada desert, old-timers (aka "hot water plugs") moved to California to escape the severe winters of Nevada. Businesses closed, railroads were torn up, houses were dismantled and moved to new towns in California. New discoveries offered new wealth opportunities to die-hard miners, something known in history as "Greater than the Comstock"...next time.
As the shadows descend over the Nevada desert, old-timers (aka "hot water plugs") moved to California to escape the severe winters of Nevada. Businesses closed, railroads were torn up, houses were dismantled and moved to new towns in California. New discoveries offered new wealth opportunities to die-hard miners, something known in history as "Greater than the Comstock"...next time.
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