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A Classification of American Wealth |
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| Part II-Chapter 7 : The Mining Bonanza Kings > The silver kings : « Previous 1- 2 - 3- 4- 5- 6- 7- 8- 9- 10- 11- 12- 13 Next » |
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The silver kings of Nevada's Comstock Lode ... In 1857, James C. Flood and William S. O’Brien opened a saloon at the corner of Pacific and Stockton Streets. The logic for the choice of the liquor trade was dictated by their recent individual failures in two completely different businesses. O’Brien had the idea backed on his observation that the predominantly single men population of California was characterized by constant thirst, in good times and during depressions. This then seemed the only business unaffected by the economic cycles ...
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