Cook Bank: Rhyolite, Nevada is a ghost town in Nye County, Nevada, United States. It is located in the Bullfrog Hills, about 3.8 miles west of the town of Beatty, near the eastern edge of Death Valley. Gold was discovered in the area by Shorty Harris and E.L. Cross on August 4, 1904. Their “Bullfrog strike” gave rise to a number of gold rush towns that drew prospectors and speculators from surrounding towns such as Goldfield and Tonopah. Rhyolite, named for the deposits of the rock which contained much of the gold, would become the largest of these settlements. The most important operation was the Montgomery Shoshone mine and a mill was constructed to process its ore. The mine was sold to industrialist Charles M. Schwab in 1906 for a reported 5 million dollars. By 1907, the town had electricity with an estimated population of 3,500 to 10,000. The Panic of 1907 is believed to have adversely affected the town’s economy. Production began to slow down by 1908 and the mine and mill were closed in 1911. By 1910 only an estimated 675 people remained in Rhyolite. The lights and power were turned off in 1916. By 1919, the post office had closed and the town was abandoned.From Wikipedia Filed as: 20071229_070716_6218
