Wickenburg initially worked the mine by himself, but began to sell the gold ore to other prospectors. By 1866 Henry Wickenburg had had enough of gold mining. He sold eighty percent of the mine to a man named Benjamin Phelps, who represented some eastern investors. The Vulture Mining Company was born.
The Vulture Mining Company announced plans to introduce modern mining methods, and to build a twenty-stamp mill on the Hassayampa River. The stamp mill site was to be twelve miles to the northeast, about one mile north of an existing settlement on the river. This settlement had already attracted merchants eager to provide the Vulture with goods and services. Henry Wickenburg retired from mining and established a farm near this settlement. The settlement became known as Wickenburg.
Henry Wickenburg, for his 80% interest, received $20,000 in cash, and a note for $65,000. The new owners soon claimed that Wickenburg didnt have a clear title to the property, and refused to pay the remainder of the price. Wickenburg spent most of his $20,000 trying to collect on his note, but never succeeded.
Gold Fever | Henry Wickenburg | Highgrading | Ghosts | The Goldwaters | The Vulture's Discovery
The Glory Hole | The Hanging Tree | The Walnut Grove Dam Disaster |
The Vulture's "Profit Sharing Plan" | Gold Mines vs. Gold Placers | The Depression at the Vulture |
John and Marge Osborne | The Birth of Phoenix, AZ
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