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Staked by two hard-pressed prospectors m the winter of 1935 in Nevada's Slumbering Hills northwest of Winnemucca was a gold claim now known as the Jumbo Mine. For $10,000-$500 down-the Jumbo was sold a few months later to one George Austin, a grizzled oldster who ran the hotel and general store in a nearby flag stop called Jungo on the Western Pacific". Jumbo ore assayed as high as $1,495 per ton. Other members of the Austin family staked adjoining claims, signed an agreement among themselves not to sell out except as a group...

Author: /time Magazine | Title: Business: Jumbo Optioned | 6/7/1937 | See Source »

Last week George Austin got an offer he could ill afford to refuse. To a syndicate of Texas oilmen he leased the Jumbo for 35 years with an option to buy it outright within 20 years for a cool $10,000,000. Under the lease the Austins will get from 10% to 20% of gross production, depending on the grade of the ore, but in no case less than $100,000 per year. Mr, Austin also stipulated that should the option be exercised, the $10,000,000 must be paid in instalments of not less than $1,000,000 annually...

Author: /time Magazine | Title: Business: Jumbo Optioned | 6/7/1937 | See Source »

Although a non-league game, great rivalry has arisen between the two schools because of the closeness of the contests and because of last year's burst of hostilities ignited by the challenge of the Jumbo coach, Ken Nash, to go the Well-known "20 rounds" with the Crimson mentor, Fred Mitchell...

Author: NO WRITER ATTRIBUTED | Title: Curtiss or Walsh Scheduled to Twirl Against Underdog Tufts Nine Today | 5/19/1937 | See Source »

...transcontinental rail, plane and bus services; its cheap power from Boulder Dam; its natural resources of gold, silver, copper, zinc and lead, from comparatively old Virginia City, Mountain City, Goldfield and the scattered "ghost towns," to the great open pit mines at Ely and such recent strikes as Jumbo in the northwest; its sheep and cattle; its agricultural industries (alfalfa, turkeys, cantaloupes) in the Fallen irrigation district; its abundant game-deer, antelope, bighorn sheep, duck, pheasant, sage hen, quail and myriad trout-there is little for them to say except that Nevada is so undeveloped that it is one place...

Author: /time Magazine | Title: NEVADA: One Sound State | 3/8/1937 | See Source »

Edward F. Prichard 2L showed student opposition as well as faculty to be acute, declaring that now a teacher can be dismissed for any slight variation from the "beaten path of mumbo-jumbo that is too often the bane of our educational system...

Author: NO WRITER ATTRIBUTED | Title: MATHER SEES OATH AS DEFEAT OF EDUCATION | 3/2/1937 | See Source »

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