The Evolution of Private Mineral Rights : Nevada's Comstock Lode. Gary D. Libecap.
The Evolution of Private Mineral Rights : Nevada's Comstock Lode

The Evolution of Private Mineral Rights : Nevada's Comstock Lode

New York: Arno Press, 1978.

Hardcover. Very Good with no dust jacket. Item #15107
ISBN: 0405110472

Library stamps/marks/labels/slip, otherwise light wear. Solid hardcover.; "One of the West's most productive mining regions was the Comstock Lode of Nevada, and this dissertation describes the development of mineral rights law there from 1858 through 1895. It is shown that when gold and silver were discovered on the Comstock, no private ownership structure for deep vein ore existed. Accordingly, a local rights system was developed to assign control of the rich ground to individuals. Three hypotheses are presented and tested which concern the relationship between mineral rights and the value of mine output: 1. Mineral rights law becomes more precisely defined and elaborately enforced as the value of mine output increases; 2. Once rights are strickly defined and supported, further increases in precision occur at a declining rate, even though output may continue to rise; 3. Increased definition and support of private mineral rights reduces risk and thereby encourages further mine investment and output. ... It is shown that the resulting intense competition for rich land led to the formation of mining camp governments with written rules concerning mineral claims. Mine output continued to rise rapidly after 1859, and pressure developed for a clearer definition of individual rights and a more elaborate judicial system to arbitrate disputes. This resulted in the formation of a Territorial Government ... pressure was mounting by 1863 for a more elaborate governmental unit. This led to statehood in 1864 with continued legislative and judicial activity regarding use rights. ... Federal mineral policy began to threaten established Western rights in 1864 ... [and] the efforts of the Nevada State Government, Western Representatives in Congress, and mine owner ... [led to] the 1866 law authorizing private ownership of public mineral lands..." - Introduction. ; Dissertations In American Economic History; Ex-Library; xv, 279, xvi-xxx, 6 ad pages.

Price: $149.95

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