User:Kaneefer/sandbox
From Jana: Okay, now try doing the formatting with your own references! :)
George Hearst purchased the Ontario silver mine from some Canadian miners for $27,000 in 1872. The mine is near Park City, Utah.[1][2]
Hearst and his business partner James Ben Ali Haggin owned this mine and constructed the necessary infrastructure to make it productive, including ore crushers and smelters. The mine was not profitable for its first three years and substantially drained Hearst's financial resources.[3] As a result of his straitened circumstances, Hearst sold his home and horses, and even dismissed his servants and enrolled his son William Randolph Hearst in public school.
By the time of Hearst's death, the Ontario mine had earned him more than $12 million and became the basis of his extensive financial investments, including his stake in the Homestake Mine (South Dakota).
The Ontario mine is credited as being more consistent in yielding annual dividends than any other mine in Utah.[4]
References
[edit]- ^ "Historic Park City". Retrieved 13 November 2012.
- ^ "Utah Mines". Retrieved 4 December 2012.
- ^ Loe, Nancy (1993). William Randolph Hearst: An Illustrated Biography. Albion Publishing Group. p. 96.
- ^ Lomax, E.L. (1905). Resources of the State of Utah. Union Pacific.
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Category:Mines in Utah Category: Hearst family Category: 1927 in the United States Category: Businesspeople in mining Category: Landmarks in Utah