MINING: Gold in Shasta?

Thrifty Christ Kutras ran a Greek restaurant at Redding in California's deep, fertile Sacramento Valley. He put his profits into real estate outside of town. When construction began in 1938 on the $36,000,000 Shasta Dam, devised to stabilize Sacramento Valley's water supply, engineers built a ten-mile belt line to convey 10,000,000 cubic yards of gravel to the world's No. 2 dam. For their gravel pit they chose Christ Kutras' tract of land.

No man to miss a bet, Christ saw a business opportunity: California, No. 1 U. S. gold producer (25%), is salted...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!