In January 1875, 17-year-old William Bowers Bourn II left his home on Nob Hill to begin college at Cambridge University in England. Like other privileged young men his age whose fathers had acquired great wealth during the Gold Rush, he was expected to obtain a degree from a prestigious university, return to San Francisco to grow his family’s fortune, and finally to engage in civic activities and building projects that would project a more sophisticated San Francisco image — one that was more urbane and less Wild West frontier.

In 1878, however, William’s mother Sarah summoned him home before he could complete his prestigious degree. She explained that his father’s estate was nearly exhausted and she needed him to assume responsibility immediately for all the family’s finances. (Six months before William had left for Cambridge, his father was found dead on the bathroom floor at their home at 1105 Taylor from a gunshot wound to the stomach. Despite newspaper headlines that blared “Shocking Suicide of a Noted Capitalist,” his colleagues felt that no man commits suicide by shooting himself in the stomach. They speculated that Bourn Sr. had fumbled his pistol and it went off accidentally). The family had multiple investments in multiple businesses, but the cash cow up to that date had been the Empire gold mine in Grass Valley, California. Now the mine sat idle, after three separate outside mining engineers said it was spent and that there was no future in continuing the operation.

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