A Mine to Make a Mine: Financing the Colorado Mining Industry, 1859-1902Entranced 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 prospector--and drawn by the same vision--came 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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Page 57
... hand there was the persistent belief that mining involved nothing more than digging gold and silver out of the earth in much the same manner as a farmer harvested his potato patch , albeit with one significant difference — a crop of ...
... hand there was the persistent belief that mining involved nothing more than digging gold and silver out of the earth in much the same manner as a farmer harvested his potato patch , albeit with one significant difference — a crop of ...
Page 100
... hands like Chaffee and Jones , but a new breed which had never before invested in the industry . Wheth- er ... hand - lettered sign above the main desk : " No mines taken in payment for board ! " 24 The multitude of stock buyers in 1879 ...
... hands like Chaffee and Jones , but a new breed which had never before invested in the industry . Wheth- er ... hand - lettered sign above the main desk : " No mines taken in payment for board ! " 24 The multitude of stock buyers in 1879 ...
Page 121
... hand experience , eastern shareholders usually fell to quar- relling among themselves over when and how much money ... hands of a receiver , who paid off the debts between 1866 and 1877 , when a New York Supreme Court order dissolved ...
... hand experience , eastern shareholders usually fell to quar- relling among themselves over when and how much money ... hands of a receiver , who paid off the debts between 1866 and 1877 , when a New York Supreme Court order dissolved ...
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A Mine to Make a Mine: Financing the Colorado Mining Industry, 1859-1902 Joseph E. King No preview available - 1977 |
Common terms and phrases
absentee American April Aspen bonanza boom Boston Bradford Prince Bullion businessmen capital capitalists Central City Chaffee Chicago Chrysolite claims Clear Creek County Colo Colorado mining Colorado Springs Comstock Comstock Lode cost County Cripple Creek Cyrus McCormick David Moffat Denver dividends dollars early East eastern Eben Smith enterprise February Fossett frontier George Gilpin County Gold and Silver Henry Historical Society History Horace Tabor Hyman Idaho Springs investors January John Leadville leasing Little Pittsburg lodes McCormick million mills miners Mining Company mining engineer Mining in Colorado mining industry Mining Investments Mining Journal mining properties Mining Record mining stocks mining ventures Moffat October operations owners panies Papers precious metal production profits promoters prospectors prospectus purchase rado railroad Raymond region reported rich Rickard Roberts Rocky Mountain sell shares Silver Cliff Silver Mines speculation Stock Exchange stockholders Tabor territory Thomas West western mines York