Arizona republican., 1919-04-20
REM|N|SCENCESOF THE LATE SENATOR
 HEARST RECALLED

state Historian Thomas Edwin Far lsh, who lived in California during the
 Golden Age" and who was personally acquainted with all the great figures ot the period for some years following
 4s' yesterday related the following "reminiscences of former Senator George Hearst, whose widow, Mrs. Phoepe Hearst, the philanthropist, re- gently died:
 in the passing of Mrs. Phoebe Hearst am reminded of many incl oents In the career of Senator Hearst. no" MT. Hearst made his first fortune In mining I do not know, but in 1861, when ne was married, he was comfort aply llAed for those times, and always provided well for his family. In or about 1867 he lost his fortune.
 Associated with the late James Mor- gan he owned the Hermes claim. in Pioche, Nevada, and brought q suit | against the Raymoni- Ely for the set tlement of title. The property was ex- ceedlngly valuable and the suit was tinally decided in favor of the Ray mond-Ely company. which left MT. i Hearst about S200,000 worse off than nothing. Haggin and Tevis held all of ms property under a trust deed, but With such man as George Hearst | losses only served to stimulate his en- ergles. He raised, as I under stood atE the time, about s4.000; sent his wife and boy to Missouri, where they could i've comfortably among friends at small expense, and started out to re- l build his fortunes. At all times it was the flrst care of Hr. Hearst to shield his family from every hardship. He
 was employed by Mir Ralston of the
 Bank of California to pass upon a mine i In Utah, his expenses being paid, and under a provisional contract that if he ! approved the property, Ralston was to | carry hlm for a one-third interest. l Hearst gave the property careful ex- animation and turned it down, so re- porting to his principal. At the same ] time he notified Mr. Ralston that there | was a lead-silver property there which
 was worth exploiting and advised him
 to take hold of it. This Ralston de-
 clined, when MT. Hearst presented the
 proposition to John B. Haggin, his creditor. Haggin took itfup as d side venture, independent of his partner, i Lloyd Tevis. It was what was after 1 ward known as the Ontario. Craig Chambers, whom 1 knew well, pre-
 sented the proposition to Hearst Mir Haggin carried out his agreement to
 develop the property into paying
 proposition. Craig Chambers receiving
 a one-tenth interest, MT. Hearst a
 three tenths interest and John B. flag
 gin a six-tenths interest Craig
 Chambers was placed in charge of the
 property and remained as manager for
 many years. His one-tenth interest
 made him millionaire twice over
 When the property began to pay
 dividends, Mir. Hearst proposed to sur-
 render to MT. Haggin his interest in the
 property if Mir. Haggin would give
 him a clear quittance for the indebt-
 edness due him, which was declined.
 If 1 remember right, the dividends
 from this property amounted to some
 where about twelve or thirteen millions
 of dollars, which Gave George Hearst a
 new start, and not only that but gave
 him a friend in John B. Haggin, one
 of the wealthiest men on the coast,
 who would back him to the limit in all
 mining enterprises.
 His first ventures after this were
 two paying propositions on the Mother . Lode, both gold, a placer proposition,
 which they sold out at a good profit.
 Then the Huacuschuta q do not know whether I spell it properly or noD, a mine in Mexico, on which they spent , somewhere about s2o0,O0o and sold out
 for S1,200,000. After this they became
 interested in the gold mines of South , Dakota, the Homestake first. This was incorporated with 100000 shares, and } was first taken up by J. M. Getchell.
 Mark l.. Mcdonald, J. W. Gashwiler
 and John B. Haggin, upon a report made by w. A. Parish. Under the sys- tem of assessments which existed al
 that time, the property was gradually . developed, and when the machinery I was on it and it began to pay divi- . dends. Haggin and Hearst owned the property in it's entirety. The shares
 went up to $40 and paid dividends or , that sum. Haggin sold one-half o1 s their interests in New York through S Dick Lounsberry, a prominent broker ! at that time. Lounsbery presented tho ? proposition to his clientele, and it was i taken in about ten days, four million: n being raised, and Lounsbery's prompt. = ness in the matter secured him tho V daughter of John B. Haggin in mar . riage.
 t With this amount of money to play
 with, Hearst went out 10 the Blacl t Hills and bought up the entire terri Il tory, the Old Abe, rather de Smet, tn e Caledonia, and Golden Terra, anC = others, afterward consolidating then . into what is now known as the Home II stake, in which Mrs. Hearst, I under [ stand owned the control at the tim II of her death. After this came tn
 Anaconda and other properties. H l. took hold of the Winchester mine il ! the Chiricahua mountains and the Tip ! Ariz of hi n H proved profitable ventures.
 H George Hearst told me some time il 3 the eighties that his policy was to talk up good prospects. He said if one ou of three proved to be mine he wa j making big money but he said: 50 fal 4 I have done much better than that Tn 1870, as I have said. he wa 4 worse off than nothing by several hun q dred thousand dollars hIIt at the tim