Values Codes: I-E-L-P
Samuel Newhouse was born in New York City in 1854.
Samuel Newhouse was one of nine children of European immigrants.
Samuel Newhouse attend public school and was “reading for the law,” when he became interested in mining and headed West.
Samuel Newhouse arrived in Leadville, Colorado in the late 1870s and started a small freighting company business which prospered enough to give him the capital to invest in mining properties.
He purchased three mines in Ouray, Colorado, which were good producers and his fortune grew.
Back in Leadville he purchased a hotel and ran it with his new bride.
After his success in the hotel business, Samuel Newhouse invested heavily in developing mines at Idaho Springs and Central City, Colorado.
Samuel Newhouse rapidly became a millionaire.
In 1896, Samuel Newhouse went to Utah and for the next ten years developed mining property in the Bingham District valued at tem million dollars.
At first he was after gold and silver, but copper finds took over.
One of his copper developments is now operated by the Kennecott Copper Company.
In 1899, Samuel Newhouse partnered with Thomas Weir and together they created the first copper smelter – eventually selling it to Standard Oil Company for twelve million dollars!
Samuel Newhouse purchased a townsite 230 miles south of Salt Lake City and named it Newhouse. By 1905 it had numerous homes, stores, a library, hospital and opera house. He sold the town in 1910.
By this time, Samuel Newhouse was heavily involved in erecting buildings in Salt Lake City. He build over 30 buildings in Utah’s capital city.
The city’s first skyscrapers were the Boston & Newhouse Buildings which cost almost a million dollars each and were in the center of the city.
The Newhouse Hotel was at Fourth South and Main, begun in 1909 and finished in 1915.
However, just as the Newhouse Hotel was being completed, Samuel Newhouse went broke – mostly cause by his extravagant style of living.
He had four chauffer driven automobiles, expense homes in London and Salt Lake City.
He had a private railroad car in which he gave lavish parties.
And he lost heavily in the Panic of 1907.
Samuel Newhouse gave a great deal of financial aid to the ill-fated socialistic Jewish farm colony at Clarion, Utah.
Samuel Newhouse married Ida Stingley.
In 1920, after he had lost his fortune, Samuel Newhouse moved with a sister who had a chateau near Paris.
In 1923, though broke, Samuel Newhouse visited Salt Lake City where he was honored by the Chamber of Commerce.
Samuel Newhouse died in France in 1930.
For more information see the following issue of Western States Jewish History:
- Samuel Newhouse: Mining Magnate of Colorado and Utah, 1854 – 1930, by Dr. Norton B. Stern, WSJH, Vol. 47, Issue #1.
David Epstein is the Curator of this Samuel Newhouse Exhibit.
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