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Show Mining in Beaver County (Editor's Note: This is the third of a series of seven urticles on the hiBtory and revival of the San Francisco Mining region. re-gion. Beaver Count, Utah.) . While much of the detail regarding regard-ing early history of the financing of the Horn Silver mine has been lost, it is believed that Jay Cooke, early financial wizard and rail-, road builder, who was ruined in the panic of 1873, regained much of his fortune in Beaver County. For a three quarter interest, he is understood to have agreed to raise $5,000,000 for development and equipment of the Horn Silver. His equipment included a smelter and he was instrumental in having the railroad extended 176 miles to the mine. This was during the early seventies seven-ties and Beaver County was teeming teem-ing with mining activity. Numer- ous other properties became active and the town bf Frisco, near Mil-ford, Mil-ford, boasted a population of 4,00C , persons. , As a result of this ac-' tivity one of the West's first telegraph tele-graph line was built from Sail. Lake City to Milford and ovei the mountain range to the rising! mining camp of Pioche, Nevada Cooks operated the Horn Silvei until 1879 when he organized ai $10,000,000 corporation and sold his interest to Charles G. Franklin of , the Cunard Steamship lines and s, Frank G. Brown, netting hire enough to pay his debts and regair. his lost prestiege in the industria. ' and financial world. The price paic to Cooke is not known, but is reputed re-puted to. have been well in excess of $1,000,000. The fourth articlt in this series will appear soon ir , these columns. I |