The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-21
THE PACIFIC COAST MIDAS.
JOHN AtCKEY'S TTV MILLIONS or
DOLIIRS ANNUALLY.


A Poor Niining I.ub 'rrr who Rccnn'c the Peer
Of the Milliounlrc@ nj California, and has n
Larger Income thnn any Otter American.
SAN FRANcfsco. oct. 0.-rcn years ago
John Mackcy was working as a mining oborcr
in u little exploring shaft IN Virginia cry He
swung his pick vigorously, and was paid "a
cav. To day he hns larger income than any
other single individual in America. and " his
wealth continues 60 accumulate a. II has for the
past two ycGr4, his fortune will rival that OF the
richest Rothschild. Mr.. Mackcy IA the head 81
the great mining firm OF Flood & O'Ilrien Of this
city, whose gigantic operations and grand aGgrc-
cation Of capital recently swamped the Bank OF
California, and hurled Sharon. Ralston, and
Joi es from their financial pedestal. The mem
bers Of the firm are John Mackey, James G.
Flood, william $. O'Brlen, and Col. James q.
Fair. Mr.. Mackey IL the financial head, Flood
and q Ilrien attend TO the interests OF the nrm
in California. and Col. Fais is working superin
tendent NJ tho mines In Virginia City. The tier
embrace the famous Consolidated Virginia, the
richest mine ever discovered in Nevada, now
turning out million and half month the
California, adjoining 1t, with even larger body
Of ore the Hale aud Norcross, Best and Dclcher
Gould ard Curry, Sierra. Nevada, Mexican, and
finally the famous Savage. which in years gone
bv has turned out It's millions. Besides, they own
score OF small mines. any ono OF when may at
any time turn upa bonanz1.
MR.. MAcKEYs INcoME.
or the entire business md pron,s Of the firm
Mr.. NJ ckcy has threc-iliths interest The
nrm owns 600 shares Of Consoliiated Virginia
stock. on which they declare "a m NTH, dividend
OF go snare Nackev's share Of this Is SF8OOO
own 5000 sh res. The first monthly dividend
Of $40 is to be declared in November, aud
t8GO.OOO a month. The other mines
that the nrm. control paw no dividends
but they Weld a large revenue to the hrm IN way.
more indirect. For instance, the hrm own all
the wood used in their working both iorfuel ana
for timberine. aud they sell II to the Companies
at an immense profit. The Savage Hale and
Norcross, and Gould md Curry all crush more
or less aud tins IA done In the nrms mills AT
cost OF $l3 a ton Ire yield OF silver Dclng
| scarcely enough 20 pay the cost OF both mining
| and crushing assessments are levied To- make up
| the deficiency. he nrm's income from this
source and from crushing the ore ~ the Consoli-
dated Virginia, which Is also done IA thsit own
| mills. Is estimated at $5O,rD month, Of which
| put MIR. Mickey down for $4,000.
Add 60 this the PROSPECTIVE profits OF the
Nevada Bank; witch has Just opened with a
sive property OF the nrm, and you may then
| figure out the income of Mr. VI ckcy The Bank
| $50OOO0O capital. The profits OF the new bank
| cannot be less. This amounts 20 eWOOOO' or
| $sjtN0 month, Of winch Mr.. MacktN \ share
| will be $l50O 10 sum up then Mackev viii
| have for the next wear from his mining aud bull
lion interests alone the colossal income ol $s5l'-
90 month, or at the rate 81 nearly slv'VOVV a
| year. Thts does not include the income OF his
! vast wealth IN real estate. For the past year he
! has neen IN king large investments IN the very
heart OF the city. Whole blocks of the most
| v'luaOlc real estate IN san ftaucisco have teen
| purchased, and the income from these caunot
well be estimated. hut It must be enormous.
MODEST MILLoNAIRE.
Mr.. Mackey is the most retiring and modest
Of any OF Califoruin's nilionares. He lives In
| Virginia, but his family spend most q their
time IA this cltv. lie dressos plainly. aud might
| be supposed TO be "a wcll-tO-do farmer nothing
| more. Already the politicians OF Nevada are
| moving to make him senator Jones successor
| IN Washington. II be wants the place. ne can
| undoubtedly buy IL for much less money tn n
| Jones raid. for Nevada politicians are poor aud
hungry, and will sell ont cheap.
OF MuCKCy'S partners j. {. Flood Is tho most
important. With o. u. len. Wood used to keen d
little groggery ia Stn-ome street in this city
They did NOT close the establishment until 1861
They M de some money at ne business, and IN
sc led n VITA Mickey Ia the purchase ~ the
cinia mine. Flood and Brien are lrishmen
they are shrewd and sharp IN business, gener
Jus u their friends, and uurelentng To theii
enemtes. They LOOK up poverty-stricket
newspaper man last spring. man who haC
done them some little turn while they were II
| the viii kew cuisines and In three days mad,
| him worth 5000. On the other hand, Sharon
| ana Etlstuu. aud the Bank of liiurnia. whiCl
weeks, and they would have Kent the bani
down but for Rllston's death and the popular
uutcry against them. Flood recently bough
S3.0ul.tJO worth OF real estate. and said himsel
Just before the new bank opened that he haC
<i,00,OO0 tent on call at one per cent. a month
| His wealth Is second only to That Of Aackcv
! the firm. He has long been mining supern
| tendent, and Is somewhat noted for tricks that
IRE win. When he was poor, few years ago
he was known by some aH Lying Jim Far,
and oy others A. slippery jim but everybody
calls him Col. Fair now. lie Is worth ten mi
|