their owners defaulted on payments. The bank gradually came into possession of many important mining and ore-processing facilities. Sharon, along with business partners Darius Ogden Mills and William Ralston, formed the bank-owned Union Mill & Mining Company to process the ore from the mills that had been foreclosed upon. Initially, the Comstock Lode was a boon for the Virginia City area, as the city grew to over 25,000 inhabitants at its height, and was among the largest and wealthiest towns in the West. However, from the beginning, the costs to transport Comstock ore to the mills from points on the Lode (as well, to return with wood and lumber to supply the mines) became so great that many mines were closed and only the higher quality ores were worth processing in the mines that stayed open. Being in control of mines and mills with his partners, Sharon realized that a cheap form of transportation between the mines, the mills, and the cities would allow the banks holdings to be more profitable. Early years There were many propositions starting as early as 1861 for railroads to service the area and decrease costs. Sharon eventually (with the addition of $500,000 in county bonds to move the railroad), envisioned a railroad to run from Virginia City, through Gold Hill where the first of the Comstock Lode was mined, passing the mills along the river, ending at the state capital, Carson City. When finished, this route would cover 21 miles, descend 1,575 feet of elevation and have so many curves as to make 17 full circles in the thirteen and a half miles from the river to Virginia City. Ground was broken on February 18, 1869, two miles below Gold Hill on American Flats when grading crews went to work. There were seven tunnels on the line requiring 2 – 5 months each to hole through and an 85 ft tall, 500 ft long trestle to be built over the Crown Point ravine. The first track and ceremonial first spike was driven on September 28, 1869 by superintendent H. M. Yerington, with the first passenger train pulling into Virginia City on Jan. 29, 1870. The railroad served as a reliable connection for residents of Carson City and Virginia City. By December, 1869 special rail cars were outfitted to bring theater patrons from Carson City to Virginia City for Piper's Opera House presentations. Named the