Tevis, with his brother-in-law Tames Ben Ali Haggin and George Hearst (see Hearst), shared partnership interests in Montana's rich Anaconda copper mine, South Dakota's famous Homestake gold mine, and other western mining ventures. For about twenty years, Tevis headed and greatly expanded the Wells, Fargo & Co., Banking and Express. He owned the second largest cattle and sheep holdings in California (exceeded only by Miller and Lux). A third of a million acres of the San Joaquin Valley belonged to the Kern County Land Company, which he owned with Haggin.
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