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During the next twelve years (1891-1903) this Harvard graduate, before he was forty, made the fortune which he kept and augmented during the remainder of his life. Leaving the Arkansas Survey in the summer of 1891, he made a trip to Montana with his brothers, who loved to “rough it” in the wilds. After journeying through Yellowstone Park with them, he continued his professional labors with observation trips to Butte, Phillipsburg, Cooke City, Leadville, and other western mining regions, for the avowed purpose of studying ore deposits.For five years he had lived and worked under all manner of conditions, with all kinds of men, and had been able to look at his profession from many different angles. As a result, he had made up his mind that ore deposits were his metier, and to the study of ore deposits he devoted the remainder of his life. During those long trips by boat in Texas and on horseback in Arkansas, he had been enabled, not only to do an excellent piece of work for his “employers,” but he had had that blessed opportunity for thinking things out that only solitude in the open can bring to all true lovers of nature. Among his associates in Philadelphia was a young man named Daniel Moreau Barringer, who had also acted as Penrose’s assistant on the Arkansas Survey. Barringer was three years older than Dick Penrose, having been born in Raleigh, North Carolina, May 25, 1860.

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