INDUSTRY · HISTORICAL MARKER
Panamint City
Industry
2
Rich silver ore was discovered in December 1872 at the head of Surprise Canyon 12 miles northeast of here. Nevada senators John P. Jones and William Morris Stewart invested in and promoted the camp, which drew a peak population of 2000 to the steep, mile-high canyon. Wells Fargo refused to serve the lawless camp, and bullion was shipped out in 400-pound cubes to deter thieves. To connect his Santa Monica property with the mines, Jones built a half-mile pier and began a railroad, which reached only as far as Los Angeles. Jones and Stewart floated 15 stocks on the San Francisco Mining Exchange with a face value of over $61 million. On July 4, 1876, the camp celebrated a new 30-stamp mill, and strings of ore cars moved at full speed. The celebration ended 20 days later when hours of heavy rain flooded the Panamint Peaks and sent a wall of water down Surprise Canyon's main street, wiping out cabins, stores and saloons to end the boom. One of the departing miners, Isadore Daunet, crossed the summit and discovered cottonball borax at Furnace Creek.
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Valley Wells, California
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