James Graham Fair

From Wikipedia, the free encyclopedia

James Graham Fair

James Graham Fair (December 3, 1831– San Francisco, December 28, 1894) was the overnight millionaire part-owner of the Comstock Lode, a United States Senator and a colorful real estate and railroad speculator.

Born to a simple family near Belfast, Ireland, Graham emigrated to the United States in 1843 and grew up on a farm in Illinois. There he received an extensive education in business before moving to California in 1850, where he prospected the Feather River country for gold embeeded in quartz rather than pan for placer gold. His attention shifted to Nevada, where he operated a mill on the Washoe River and landed various mine superintendent positions in Angels and other places in the Mother Lode region He became superintendent of the Hale and Norcross mining operation in Virginia City, Nevada in 1867.

In partnership with three compatriots, John W. Mackay, and the San Francisco saloon owners J. C. Flood, and William S. O’Brien, together known as the "Bonanza Kings", he made a large fortune gaining majority shares in silver mines working the Comstock Lode, struck in 1859. It proved to be the richest find of silver that had ever been discovered, producing over five hundred million dollars in twenty years' operation. He invested much of his income from the Comstock in railroads and San Francisco real estate. Fair and Mackay owned the Nevada Bank of San Francisco, the rival to William Chapman Ralston's Bank of California; after the collapse of Ralston's financial empire, the Nevada Bank was for a time the largest bank in America at the height of the silver boom.

In 1876 he conceived the daring plan of extending his narrow-gauge South Pacific Coast Railroad down the east side of San Francisco Bay, through San Jose and Los Gatos and southward through a mountain route that entailed a 6200-foot tunnel another 5,000-foot one and six shorter tunnels, during which some six hundred Chinese workers were employed, among whom thity-one lost their lives in explosions of coal gas. After Fair's death the Southern Pacific took over his line and converted it to standard gauge.

In 1861 he married Theresa Rooney, who had been keeping a boarding house. She divorced him in 1883 on grounds of "habitual adultery" and brought up their four children on her own, with a very considerable settlement.

He was appointed by the Nevada legislature to the U.S. Senate in 1881. He was not much interested in Washington, where he promoted silver issues in the Senate at a time when a movement was afoot to demonetize silver. Fair only served one term due to his defeat in the 1886 election. Following the end of his term, he moved back to San Francisco, where, when his daughter Theresa was married in 1890 to Hermann Oelrichs of Norddeutsche Lloyd shipping lines, in the grandest wedding San Francisco had seen, he remained in his hotel suite^[1] without an invitation. He gave her a million dollars as a wedding gift nevertheless (Ferguson 1977 p. 2)

His will left $40 million in trust to his daughters, Theresa Alice, Mrs Hermann Oelrichs, and Virginia Graham, later Mrs William Kissam Vanderbilt II and his surviving son Charles. After his death, Mrs Nettie Cravens came forward claiming to be his wife. She brought plenty of evidence to the court trial, but lost the case. She moved to Iowa and lived in obscurity, spending her last days in a mental institution.

Later, another woman, Phoebe Couzins, a women's-rights advocate, also claimed a relationship with Fair.

Fair is the Fair of Fairmont Hotel, San Francisco which was begun in 1902 by his daughters who were determined to construct a grand monument to their father, but sold their interests in 1906, days before the 1906 San Francisco earthquake.

Preceded by: William Sharon	U.S. Senator (Class 1) from Nevada 1881–1886	Succeeded by: William M. Stewart

[edit] References

Tales of Love and Hate in Old San Francisco, Millie Robbins. Chronicle Books, San Francisco 1971.
J. Walton Ferguson, Rosecliff (The Preservation Society of Newport County) 1977. Rosecliff was built for Fair's daughter, Mrs Oelrichs.