The San Francisco call., 1910-02-20
Ooldfeld Consolidated Owes
Success to George Wingfield
GREAT COMBINE IS
WORK OF CAPITALIST
Record Dividends Paid by COm=
bination of Producers in
Last Few Years

San Francisco, as a supply center
for the west, owes many millions of
dollars to Nevada, a sparsely settled
country that suddenly acquired men
and money through the discovery of
rich gold deposits. In the operation of
mines this city profited by the call for
machinery. foodstuffs, clothing and
tools. In the formation of companies,
and the sale of stock, San Francisco
again shared the prosperity of her
neighbor state.
One of the CHEZ factors in the de-
velopment of Nevada, and the conse-
quent profit to San Francisco. has been
the Goldfield Consolidated mines COM
pany, corporation controlling the
richest properties uncovered in the
prize district of the many rich sections
discovered throughout the Sagebrush
state. At the head of this mining COM
pany, directing It's course as he di-
rected its formation, is George Wing
field one of the shrewdest men and
one of the youngest millionaires that
Nevada has produced.
Wingfield is a man OF imagination
and ambition. Though his ventures
began in Nevada mines, his interests
now extend into a dozen widely diff
fering projects. He owns producing
land valued into the hundreds of thou
sands, in the Coalinga oil fields Some
of the richest mines in California are
operated under Wingfelds direction.
The Cook bank of Goldfield is the sole
property of the young Nevadan, and he
directs the building and operation of a
street railway in GoldfieId. Columbia
and Diamondfeld.
Displaying a confidence that has
never been misplaced in the state of
his adoption, Wingield has ventured
again and again into Nevada property
and whatever he has taken up has
repaid his confidence in its yield of
gold. Recently the millionaire ac-
quired six claims in the Buckhorn
group, new camp in the state of many
surprises These claims are now pro-
ducing well.
1t is more than interesting to follow
the career of this pioneer of the older
west. He is still young In his thirties,
and the tale of his rise is worth the
reading.
rowing westerner before. he struck
Goldfield and riches, riding herd on
many a bunch of cattle, turning his
hand to almost any sort of employ
ment that promised some excitement.
Finally the end of a season at cow
punching left him in Winnemucca-
and then the strike at Tonopah brought
men in there by the thousands.
Wingfeld had a small stake-a very
small one, and dwindling rapidly-and
he joined the crowds pouring into the
new camp. Within a few months he
had multiplied the sum many times and
offered to return to Senator Nixon, then
a bank employe at Reno, the money
Nixon had advanced for Wingfield's
use and some $4,000 besides, which
Wingfield had added to his purse
Nixon considered the sum he had
given Wingfield and the amount it had
grown into under the young mans di-
rection. Then he assured Wingfield
that he would continue to trust his,
money to the forceful investors judg-
ment.
The confidence Nixon put in Wing
field placed the title Senator" before
NiXon's name and made him wealthy,
for fortune smiled on the former cow
punch Wingfield acquired valuable
holdings at Tonopah and then went to
Goldfield. where the greatest measure
of his prosperity began.
Early in the annals of the camn
Wingfield secured a great block of Mo-
hawk at 10 cents share, and thus
started the merger that resulted In the
present powerful corporation of which
he is the head-the Goldfield Consoli-
dated mines company, which leads the
entire list of gold producers of the
country as dividend payer It's pro-
duction is immense, it's acreage large
and it's system of mineral extraction
and treatment of ores as nearly per
feet as expert mining engineers can
make 1t. It is the wonder of the min
Ing world, not so much on account OF
it's splendid equipment, but because of
the tremendous bodies of ore that are
visible to the eye, and that insure the
operation of the company for years to
come, without any new development
being done.
Into the merger Wingfeld brought
the Mohawk which produced $40. .0OO. 900
in eight months from a bit of ground
not three acres in size; the Jumbo. Red
Top, January and Laguna and other
valuable properties. He dealt in Flor
ence stocks, in Sandstorm and Kendall.
and laid the foundation for the great
combination that placed him at the
front of Nevada s race of keen witted
mining men.
The first dividend of the Consolidated
was declared In October 1907, when 10
cents a share was paid. Roundly. this
amounted to s350,000, and in the fol-