Mining Interests
A sound operator, Tevis made his most risky ventures when he went into gold, silver and copper mining on a large scale. He was owner or part-owner of gold and silver mines in California, Nevada, Utah, Idaho, and South Dakota. Tevis, Haggin and George Hearst, as Hearst, Haggin, Tevis and Co., owned the Homestake gold mine in the Black Hills and the Ontario gold mine in Utah, and Tevis, Haggin, Hearst and Marcus Daly owned the great Anaconda copper strike in Montana.
In 1897 the Hearst share of the Anaconda copper properties was sold to an English syndicate. Two years later in May 1899, Tevis, Haggin and Daly sold their shares to a syndicate led by John D. Rockefeller. For his share Tevis is said to have received $8 million.
Read more about this topic: Lloyd Tevis
Famous quotes containing the words mining and/or interests:
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)
“We might as easily reprove the east wind, or the frost, as a political party, whose members, for the most part, could give no account of their position, but stand for the defence of those interests in which they find themselves.”
—Ralph Waldo Emerson (1803–1882)