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The story of Hubert Howe Bancroft—who opened a San Francisco bookstore in with little knowledge of the business and very small capital, and became one of the greatest collectors of Western Americana of all time—is a California legend. He had come to California in as a youth of twenty, his immediate mission to arrange the sale of a shipment of books for his brother-in-law, George H.
Derby, of Buffalo, New York. Finding San Francisco greatly overcrowded, he selected the firm of Barton, Reed, and Grimm, commission merchants in Sacramento, for this purpose, then joined his father and brother at Long Bar in the gold-mining region for some months.
The extraordinary labors and discomforts of the miner's life, coupled with the disappointing returns, led Bancroft to give up the pursuit of riches in virgin gold and to find a different "mine" more to his liking. His decision was a natural outgrowth of his experience in the book business, slight though it was.
So, when an opportunity presented itself in Crescent City, near the Oregon border, then expected to become a new gold-mining center, he became bookkeeper in a general store, at good salary, with the privilege of selling books there on his own account. Several years later, and after a nostalgic visit to his old home in Ohio, Bancroft opened his own business in San Francisco in December, , at first in association with George L. Kenny, a boyhood friend, but soon as an independent entrepreneur.