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." |
From inside the book
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Page 20
... hundred and fifty horsepower , which , as he noted , were " extravagantly dis- proportioned to the mine they were intended for . " A few were so " elegant " as to be " more fit for boudoirs or saloons than for the purpose of mining ...
... hundred and fifty horsepower , which , as he noted , were " extravagantly dis- proportioned to the mine they were intended for . " A few were so " elegant " as to be " more fit for boudoirs or saloons than for the purpose of mining ...
Page 49
... hundred dollars each . Luckily , the local Colorado news- paper , the Rosita Index , denounced the prospectors as the plan ap- peared in New York , exposed the leaders as notorious swindlers , and denied that the pair had twenty - two ...
... hundred dollars each . Luckily , the local Colorado news- paper , the Rosita Index , denounced the prospectors as the plan ap- peared in New York , exposed the leaders as notorious swindlers , and denied that the pair had twenty - two ...
Page 160
... hundred men . For three years , the company prospered , paying regular dividends on its $ 500,000 capitalization , and in the seventeen months before its dis- appearance in the Leadville strike of 1896 , it produced $ 1,370,000 in ...
... hundred men . For three years , the company prospered , paying regular dividends on its $ 500,000 capitalization , and in the seventeen months before its dis- appearance in the Leadville strike of 1896 , it produced $ 1,370,000 in ...
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A Mine to Make a Mine: Financing the Colorado Mining Industry, 1859-1902 Joseph E. King No preview available - 1977 |
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