Constructing the Taracol 80 stamp mill
- Title:
- Constructing the Taracol 80 stamp mill
- Collection:
- Willard D. Straight in Korea
- Date:
- ca. 1908
- Location:
- Unsan, Pyongan-pukto, North Korea
- Country:
- North Korea
United States - ID Number:
- 1260.63.38.12
- Collection Number:
- 1260
- File Name:
- 1260.63.38.12.tif
- Work Type:
- Photographs
- Subject:
- Business
Gold mines
Labor
Industrial landscapes
Oriental Consolidated Mining Company - Measurement:
- 11.8 x 16.9 (centimeters)
- Description:
- Americans Leigh S.J. Hunt and J. Sloat Fasset formed Oriental Consolidated Mining Company and bought Korean Mining and Development Company in May 18, 1898. The Oriental Consolidated Mining Company owned 10 gold pits in Unsan, Pyongan-pukto. Taracol was one of the pits in Unsan Gold Mine. Unsan previously was a small village with only a few households, but it evolved into a very different place through the mining business association with the American entrepreneurs. Between 1903 and 1938 the annual profit from the gold mining reached more than $12,000,000, but the backward Korean Royal government sold the Korean Mining and Development Company for only $100, 000. Had the Korean government not sold the mining owning right for a lump-sum payment, it could have achieved a price as high as $3,000,000. The mining by the Americans continued until they were forced to relinquish operations to the Japanese in 1939 Source: Yi, Pae-yong. Ku Hanmal kwangsan ikwon kwa yolgang, 1984. Chapter 2.
- Cite As:
- Willard Dickerman Straight papers, #1260. Division of Rare and Manuscript Collections, Cornell University Library.
- Repository:
- Division of Rare and Manuscript Collections, Cornell University Library
- Archival Collection:
- Willard Dickerman Straight papers
- Format:
- Image
- Rights:
- The images in this collection are in the public domain and are believed to have no known U.S. copyright or other restrictions. The Library does not charge for permission to use these materials and does not grant or deny permission to publish or otherwise distribute them. However, as a good scholarly practice we recommend that all patrons cite the Library as the source of the reproduction by including the following text: Courtesy of the Division of Rare and Manuscript Collections, Cornell University Library. For a more detailed explanation please read the Library Guidelines for Using Public Domain Text, Images, Audio, and Video Reproduced from Cornell University Library Collections at http://cdl.library.cornell.edu/guidelines.html.