History
The roots of the Pacific Coast Borax Company lie in Mineral County, Nevada, east of Mono Lake, where Smith, while contracting to provide firewood to a small borax operation at nearby Columbus Marsh, spotted Teels Marsh while looking westward from the upper slopes of Miller Mountain where the only nearby trees were growing. Eventually, to satisfy his curiosity, Smith and two assistants visited Teels Marsh and collected samples, that proved to assay higher than any known sources for borate. Returning to Teels Marsh, Smith and his helpers staked claims and laid the foundation for his career as a borax miner.
With the help of his older brother, Julius, who came west from the family home in Wisconsin, and financial support from the two Storey Brothers, operations began in 1872 under the name, Smith and Storey Brothers Borax Co. When the Storey Brothers interests were acquired subsequently in 1873, the name was shortened to Smith Brothers Borax Co. A few years later (circa 1884) it was changed again to Teel's Marsh Borax Co. In 1880, the separate and previously existing Pacific Borax Company (with no "Coast" in the name) was acquired by Smith. Frank Smith also developed holdings with his business associate William Tell Coleman at the Harmony Borax Works as well as the Meridian Borax Company, which were subsequently combined to form the Pacific Borax, Salt & Soda Company in 1888. The Pacific Coast Borax Co. name was not adopted until Smith acquired all of Coleman's borax interests in central Nevada and California, after Coleman's bankruptcy, and incorporated them all under the new company name in 1890.
Read more about this topic: Pacific Coast Borax Company
Famous quotes containing the word history:
“To summarize the contentions of this paper then. Firstly, the phrase the meaning of a word is a spurious phrase. Secondly and consequently, a re-examination is needed of phrases like the two which I discuss, being a part of the meaning of and having the same meaning. On these matters, dogmatists require prodding: although history indeed suggests that it may sometimes be better to let sleeping dogmatists lie.”
—J.L. (John Langshaw)
“Modern Western thought will pass into history and be incorporated in it, will have its influence and its place, just as our body will pass into the composition of grass, of sheep, of cutlets, and of men. We do not like that kind of immortality, but what is to be done about it?”
—Alexander Herzen (18121870)
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)