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MACKAY, JOHN WILLIAM (1831–1902)

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

Mackay.

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

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