A Mine to Make a Mine: Financing the Colorado Mining Industry, 1859-1902
Entranced by visions of instant wealth, the fabled prospector and his trusty burro combed the hills of the Rocky Mountain West for that one huge deposit of pay ore. Close behind the prospectorand drawn by the same visioncame the speculator. Capital, a scarce though essential commodity on the frontier, was supplied by the speculators and made possible the development of a hardrock mining industry that helped shape the early history of the region. Between the Civil War and the turn of the century, the gold and silver mines of Colorado were a gaudy, unsavory, but important element in the American financial scene and in the economic history of the West.
Joseph E. King, drawing upon contemporary sources, provides the first comprehensive and scholarly examination of eastern investors in Colorado and challenges the popular notion that eastern investors did little more than exploit the mines of Colorado. Not surprisingly, the prospector and the lusty boom towns he visited have often captivated the imagination of historians at the expense of the later stages in the development of a mineral industry. Professor King stresses the contributions of promoters, businessmen, and mining engineers in the development of the Wild West.”
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American Aspen August bank became boom Bradford Prince Bullion camp capital capitalists Chicago Chrysolite City claims Colo Colorado mining cost County Cripple Creek David December Denver dividends dollars early East eastern economic engineer enterprise Exchange expenses February fortune friends George Gold and Silver Green hands Henry History hundred industry interest investment investors James January John journal July June leading Leadville leasing less Little Pittsburg March McCormick metal million mills miners Mining Company mining engineer Moffat needed November October opening operations organized owners paid practice president produced profits promoters purchase railroad region reported returns rich Rickard Roberts Rocky Mountain sell September shares Silver Cliff Silver Mines Smith Society speculation Springs stockholders success territory Thomas took town turn United ventures wealth West western York