With silver and gold making record highs, I thought I would write an article about a piece of our history and how silver played its part. Back in 1858, much like in 2010 the country had silver fever. That was the year silver was discovered in Nevada.
One thing that has been in dispute is who discovered the silver and when. It is said to have been discovered, in 1857, by Ethan Allen Grosh and Hosea Ballou Grosh, sons of a Pennsylvania clergyman, trained mineralogists and veterans of the California gold fields. In 1857 Hosea died and his brother Ethan and a business associate, Richard Maurice Buck set out to California with ore samples and maps to raise money to begin mining. Ethan left his cabin in the hands of a friend named Henry Comstock.
Ethan and Richard had plenty of bad luck on their trek to California. Weather and the rough terrain caused both men to suffer frostbite and loose limbs. Ethan died due to his injuries and Richard decided to leave his dreams of making millions behind and returned to his home in Canada. Upon hearing of the death of Ethan Comstock claimed the land and the cabin as his own. He also claimed another stake for grazing his livestock.
Early in the year 1859 two gold prospectors named Peter O’Riley and Patrick McLaughlin were digging for water and made a discovery that would change the west and Nevada forever. The pair took the odd blue material to be tested and found it to be almost pure silver. They soon discovered that this land was previously claimed by Henry Comstock for grazing his livestock. The men worked out an agreement that they would share the claim.
Henry Comstock would eventually trade his stake for a bottle of whiskey, a blind horse and $11,000. He took his new found fortune and opened a general store in Carson Nevada which would soon go bankrupt. He then returned to prospecting and in September of 1870 took his Colt six shooter and ended his own life penniless and alone.
Between 1860 and 1880 the Comstock Lode produced 7,000,000 tons of silver ore. In 1877 alone the mine yielded $14,000,000 in gold and $21,000,000 in silver. That is over $700,000,000 in today’s dollars in that year alone.
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