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Discovery, location and development and 100% He envisaged that in the foreseeable future, proper
interest had been maintained by him since the production facilities, skilled and cooperative workers,
fiscal year 1953. He had already committed $1380 adequate management and marketing methods would
of his personal money on the hire or purchase of be needed. The quarry could produce and sell fifty
equipment mainly for the construction of access tons per day for a gross of $468,000 per year. TP was
roads, but now additional financing was required looking towards the future but at the same time trying
for further development. He proposed to to be realistic when he assessed that fifty tons per day
incorporate the venture with an initial share was the limit which could be absorbed by the
offering of 100,000 shares of $1 each, 51% of marketing area. He foresaw later expansion into the
which would be retained by his family. eleven Western States.
The initial operation called for the development of
two claims. Another three claims would be used for It perhaps says something of TP’s kind nature that
access roads, hoisting sites, cutting and storage one of the first uses of stone
space, fabricating and equipment sheds, cookhouse from the quarry was in the
and dormitory and other uses pertaining directly to construction of a new TP at
the operation of the quarry and/or housing quarry fireplace and swimming Bonnie Springs
personnel.
pool area for a family friend
For the purpose of estimating production, TP adopted a Bonnie Levinson of Bonnie
very conservative assessment of the depth of the deposit. Spring’s Ranch.
He had initially estimated it at 150 to 400, feet but now As with so many fledgling
took 100 feet as the base figure. He envisaged a five to businesses, not enough
eight man crew producing eleven tons per day. By income was generated to allow
working six days per week, 52 weeks a year, the cash the quarry to function on a full time basis and
return would be $102,960 based on a price of $30 per ton. TP had to take various jobs to keep his dream
Hand Drawn alive and to support his family. He worked
Survey at the manganese plant, the Test Site and
with a paving company. It was while
working on a project with the latter at
Goldfield, that he had a heart attack and
died at the early age of 55.
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