Mackay and his partners, Flood, Fair and O'Brien) in the Comstock Lode of the Great Bonanza mine, the average annual yield was over $26,000,000.
This was followed by a reaction and a general collapse of inflated values until 1873, when the discovery of the Great Bonanza mine brought about a revival of industry and of speculation.
2 (1893); William Wright, History of the Big Bonanza (Hartford, Conn., 1876); C. H.
Being remarkably free from trees, rocks and streams, the soil can be turned in furrows that run perfectly straight for miles, and favours the development of " bonanza farms," where thousands of acres are cultivated in a single field.
The best illustration of the great or "bonanza" wheat farms, as they are called, are found along the Red river (of the North), where it flows between the states of North Dakota and Minnesota.
The first characteristic of a "bonanza" wheat farm is the machinery.
Let us assume the conditions prevailing upon a bonanza farm of 5000 acres, and briefly describe the process of wheat production from the ploughing of the land to the delivery of the grain in the final market.
After a generation or two, if land continues to rise in the market as it has recently, the bonanza farms will become a thing of the past.
The bonanza farmers find it good policy to feed their men well.
The bonanza farmer expects one machine to cut at least 250 acres, and three men are required for each of them.
The wheat straw is worse than a waste product - it is a great nuisance upon the bonanza farm.
The elevator is placed at the railway station, and is usually owned by the bonanza farmer.
But we have described the conditions on one of the best bonanza farms. The average yield per acre in this region is not over 18 bushels, and the average expenses would be higher than those given.
Every bonanza farmer's office is connected by wire with the markets at Minneapolis, Chicago and Buffalo.
In the early days of wheat-farming the bonanza farmer often speculated, but experience has taught him that he had better leave this to the men in the cities, and content himself with the profit from the business under his eye.