This is a very special newspaper. It was only published from December of 1902 to February of 1903. J. M. Lynch started this newspaper to compete with the White Pine News. He soon figured out that the town was too small for two newspapers. So, he packed up his equipment and continued the paper in Cherry Creek.
There are no known issues of the newspaper that have survived according to Lingenfelter - the author of Newspapers in Nevada. He checked eighty-six institutions that had Nevada newspapers: These included the University of Nevada, The University of Nevada at Las Vegas, The Nevada Historical Society, Nevada State Library and Archives, Nevada Historical Society, Bancroft Library, California Library system, Huntington Library, National Archives, Library of Congress, etc.
There are no known issues of the newspaper that have survived according to Lingenfelter - the author of Newspapers in Nevada. He checked eighty-six institutions that had Nevada newspapers: These included the University of Nevada, The University of Nevada at Las Vegas, The Nevada Historical Society, Nevada State Library and Archives, Nevada Historical Society, Bancroft Library, California Library system, Huntington Library, National Archives, Library of Congress, etc.
McKinley Mining & Smelting Company
The front page of this article is devoted to the McKinley Mining & Smelting Company.
The McKinley group is in the Robinson District about seven miles from Ely at Ruth, Nevada. W. N. McGill (as in McGill, Nevada and a rather famous Eastern Nevada mining engineer) is running the operations.
The management of the McKinley group have a group of mining claims which yields high grade gold! The Saxton Mine is the principal mine and receives the most attention by the paper. “...unbroken series of successes [in the] Saxton Mine.”
But there is no way to process this fabulous yield. There, the group has purchased the Robust Mill from the Ely Mining & Milling Company. It is a 50 ton mill and can process 50 tons of ore daily.
But there is so much gold that another mill is needed. The company is planning to build a 300 ton mill immediately. That means they can process 350 tons of ore daily. At $10 a ton (a very conservative number) that would mean $3,500 a day!
But wait! There is More! (sounds a little like an infomercial.)
“Underlying these immense ledges of gold ore are the still more immense deposits of copper.” The paper goes on to say, “Ely is destined to become the greatest copper producing camp on the face of the globe.”
The gold would play out and the company sold its claims at a sheriff’s sale On December 31, 1904. But the paper did get the copper mining correct. The Ruth Pit of Kennecott Copper would become a world producer of copper.
The McKinley group is in the Robinson District about seven miles from Ely at Ruth, Nevada. W. N. McGill (as in McGill, Nevada and a rather famous Eastern Nevada mining engineer) is running the operations.
The management of the McKinley group have a group of mining claims which yields high grade gold! The Saxton Mine is the principal mine and receives the most attention by the paper. “...unbroken series of successes [in the] Saxton Mine.”
But there is no way to process this fabulous yield. There, the group has purchased the Robust Mill from the Ely Mining & Milling Company. It is a 50 ton mill and can process 50 tons of ore daily.
But there is so much gold that another mill is needed. The company is planning to build a 300 ton mill immediately. That means they can process 350 tons of ore daily. At $10 a ton (a very conservative number) that would mean $3,500 a day!
But wait! There is More! (sounds a little like an infomercial.)
“Underlying these immense ledges of gold ore are the still more immense deposits of copper.” The paper goes on to say, “Ely is destined to become the greatest copper producing camp on the face of the globe.”
The gold would play out and the company sold its claims at a sheriff’s sale On December 31, 1904. But the paper did get the copper mining correct. The Ruth Pit of Kennecott Copper would become a world producer of copper.
President McKinley
This was an investment of none other than President and Mrs. William McKinley, However, he was assassinated in September of 1901 just about one year before this newspaper was published.
Current resources indicate that he invested $80,000. However, there is no indication he had anything more to do with it. The driving force behind the investment was his father-in-law, Mr. Saxton. Therefore, it is indicated that Mrs. McKinley may have had more to play in the investment.
But the newspaper article from the White Pine Miner and the ad from the Cincinnati Inquirer (found in many other newspapers of the time) would refute this argument.
The newspaper states, “Many people in Ely have thought that President McKinley made a mistake in insisting that the capitalization of the McKinley Mining & Smelting Company should not exceed $1,000,000.”
It goes on to say, “...but it is now evident that the President had a more accurate knowledge of the capitalization of these mines than had many of those who attempted to advise him.”
The advertisement indicates, “Our Directorate is composed of the following careful and conservative business men, and the directorate was submitted to and approved by the late President William McKinley.” This ad appeared in the Cincinnati Enquirer and many other newspaper of the time.
1. “The Copper Handbook, 1905”
2. “Newspaper of Nevada” by Ligenfelter
Current resources indicate that he invested $80,000. However, there is no indication he had anything more to do with it. The driving force behind the investment was his father-in-law, Mr. Saxton. Therefore, it is indicated that Mrs. McKinley may have had more to play in the investment.
But the newspaper article from the White Pine Miner and the ad from the Cincinnati Inquirer (found in many other newspapers of the time) would refute this argument.
The newspaper states, “Many people in Ely have thought that President McKinley made a mistake in insisting that the capitalization of the McKinley Mining & Smelting Company should not exceed $1,000,000.”
It goes on to say, “...but it is now evident that the President had a more accurate knowledge of the capitalization of these mines than had many of those who attempted to advise him.”
The advertisement indicates, “Our Directorate is composed of the following careful and conservative business men, and the directorate was submitted to and approved by the late President William McKinley.” This ad appeared in the Cincinnati Enquirer and many other newspaper of the time.
1. “The Copper Handbook, 1905”
2. “Newspaper of Nevada” by Ligenfelter