William Sharon - Career in The West

Career in The West

Sharon moved to California in 1849, and engaged in business in Sacramento. He moved to San Francisco in 1850, where he dealt in real estate. In 1852, he married Maria Malloy (Quebec, 1832 – San Francisco, 14 May 1875). He moved to Virginia City, Nevada in 1864 as manager of the branch of the Bank of California and became interested in silver mining.

Senator Sharon was a business partner of William Chapman Ralston, and was the Nevada agent for the Bank of California. He and Ralston profited greatly from loaning money to mining operations and then foreclosing on those operations when the owners defaulted.

William Sharon acquired many of Ralston's assets in 1875 when Ralston's financial empire collapsed and he died. He was thought by some of his contemporaries to have actually aided the collapse. He certainly was the main beneficiary of Ralston's assets. Those assets included the Palace Hotel in San Francisco and Ralston Hall in Belmont, California.

His daughter Clara married Francis G. Newlands, who became a Congressman and Senator from Nevada. He was also the father of Florence Emily Sharon, who married Sir Thomas George Fermor-Hesketh, 7th Baronet.

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