Lena Gold Mining Partnership

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In 1855, two merchants, Pavel Basnin and Petr Katyshevtsev, members of the top guild and honorary citizens of Irkutsk, founded the Lena Gold Mining Partnership. By the beginning of the 1870s, Evzel Gintsburg and the Meyer & Co trading house had begun accumulating shares of the mining partnership. In 1882, the Gintsburg dynasty – headed by father Evzel (Osip) Gabrielovich Gintsburg (1812–1878) and his son Horace (1833–1909) – started to dominate the gold trade in the Lena River region.^[3]