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 33
... took him to remote mining regions where he examined and reported on new mineral dis- coveries for absentee investors , the engineer could often do some ex- ploring for himself and perhaps formulate a mining venture for friends and ...
... took him to remote mining regions where he examined and reported on new mineral dis- coveries for absentee investors , the engineer could often do some ex- ploring for himself and perhaps formulate a mining venture for friends and ...
Page 35
... took his fee in cash or , being a speculator , accepted shares of stock in the new company , which he could then sell or hold as he saw fit . J. Parker Whitney , who took his commissions in stock - as much as one - fourth to one - third ...
... took his fee in cash or , being a speculator , accepted shares of stock in the new company , which he could then sell or hold as he saw fit . J. Parker Whitney , who took his commissions in stock - as much as one - fourth to one - third ...
Page 52
... took them into the venture in the first place . Thus , the promoter became a convenient scapegoat for deeper problems within the industry or for the blunders of absentee mine owners.35 It was an article of faith among large numbers of ...
... took them into the venture in the first place . Thus , the promoter became a convenient scapegoat for deeper problems within the industry or for the blunders of absentee mine owners.35 It was an article of faith among large numbers of ...
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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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