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Established in 1894 by the Portland Town and Mineral Company, lots of land were sold, many for $25, to the employees of the various mines that opened in the surrounding area. The town grew quickly, and houses continued to be built. By 1900, the town's population was over 3,500, and it featured a fire department, running water from a reservoir, arc street lights and a "Pest House" for transients or people with contagious disease like TB. Churches, schools and a City Hall also sprung up as new services continued to be provided to the growing population. Even an electric streetcar system was established linking Goldfield to the towns of Independence and Victor nearby.
