Online Encyclopedia

JOHN WILLIAM MACKAY (1831–1902)

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Originally appearing in Volume V17, Page 250 of the 1911 Encyclopedia Britannica.
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JOHN WILLIAM MACKAY (1831–1902)  ,
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American capitalist, was born in
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Dublin, Ireland, on the 28th of November 1831 . His parents brought him in 1840 to New York City, where he worked in a
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ship-yard . In 1851 he went to California and worked in placer gold-mines in Sierra county . In 1852 he went to Virginia City, Nevada, and there, after losing all he had made in California, he formed with James G .
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Fair, James C . Flood and William S . O'Brien the
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firm which in 1873 discovered the
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great Bonanza vein, more than 1200 ft. deep, in the Comstock lode (yielding in March of that
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year as much as $632 per ton, and in 1877 nearly $19,000,000 altogether); and this firm established the
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Bank of Nevada in
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San Francisco . In 1884, with James Gordon Bennett, Mackay formed the Commercial Cable Company—largely to fight Jay Gould and the Western Union Telegraph Company—laid two transatlantic cables, and forced the toll-
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rate for trans-
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atlantic messages down to twenty-five cents a word . In connexion with the Commercial Cable
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Company he formed the Postal Telegraph Company . Mackay died on the loth of
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July 1902 in
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London . He gave generously, especially to the charities of the
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Roman Catholic Church, and endowed the Roman Catholic
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orphan asylum in Virginia City, Nevada . In
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June 1908 a school of mines was presented to the University of Nevada, as a memorial to him, by his widow and his son, Clarence H .

Mackay .

End of Article: JOHN WILLIAM MACKAY (1831–1902)
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