George Wingfield owned the hotel, and it is said that when Goldfield's glory days were over he had a portfolio of photographs taken to show the building's luxurious touches to their best advantage. They were sent east, where they persuaded New York bankers to mortgage the property for a considerable sum — $100,000 by one report. He immediately abandoned the place to them, and it passed through several hands, each time at a considerable loss. By the 1930s, as the story goes, the hotel's newest owner tried to sell it back to him at the bargain price of $50,000, using the same set of photographs. Wingfield turned it down.
By 1910 the Goldfield mines were in decline, but at its peak of prosperity Goldfield was an