Shorty Harrison and Earnest Cross described their gold claim, named Bullfrog, as "Just full of free gold!" As word spread, another mining town sprang to life in 1904. The new town was promoted as Rhyolite and hundreds of miners leaped at the chance to 'strike it rich'. The price of town building lots jumped from $50 dollars to $1,200 in a matter of months. The Nevada town, just outside of Death Valley, had no water well, forcing the cost of a barrel of water from two to as much as five dollars. Saloons, banks, restaurants, boarding houses, hotels, stage lines and supply depots were quickly constructed. Businessmen took full advantaged of the frenzied real estate dealings and mining stock shares were peddled from coast to coast. Over 2,000 claims were issued in a short time. Like so many of these boom towns relying on mine profits, Rhyolite's frantic pace soon dwindled.