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 97
... Chrysolite , Little Chief , and Iron Silver , and a similar approach was adopted in promoting the stock of each.20 The Chrysolite quickly outshone the rest owing to its enormous potential for wealth and its nearness to the flourishing ...
... Chrysolite , Little Chief , and Iron Silver , and a similar approach was adopted in promoting the stock of each.20 The Chrysolite quickly outshone the rest owing to its enormous potential for wealth and its nearness to the flourishing ...
Page 98
... Chrysolite would yield a net profit of $ 200,000 a month for at least two , but probably four , years . And Keyes , who happened to be gen- eral manager of the mine , submitted a flattering comparison of Fryer Hill with the Comstock in ...
... Chrysolite would yield a net profit of $ 200,000 a month for at least two , but probably four , years . And Keyes , who happened to be gen- eral manager of the mine , submitted a flattering comparison of Fryer Hill with the Comstock in ...
Page 107
... Chrysolite's troubles . Keyes seemed to concur when he labeled as " palpable lies " reports that the mine had been exhausted , and he further pledged to maintain production.34 Instead matters became considerably worse . On the morning ...
... Chrysolite's troubles . Keyes seemed to concur when he labeled as " palpable lies " reports that the mine had been exhausted , and he further pledged to maintain production.34 Instead matters became considerably worse . On the morning ...
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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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absentee American April Aspen bonanza boom Boston Bradford Prince Bullion camp capital capitalists Central City Chaffee Chicago Chrysolite claims Clear Creek County Clifford Colo Colorado mining Comstock Comstock Lode Cripple Creek Cyrus McCormick David Moffat December Denver dividends dollars early East eastern Eben Smith Engineering and Mining enterprise February Frank Fossett George Gilpin County Gold and Silver Henry Historical Society History Horace Tabor Hyman Idaho Springs investors January John Leadville leasing Little Pittsburg lode March McCormick mill million miners Mining Company mining engineer Mining in Colorado mining industry Mining Investments Mining Journal mining properties Mining Record mining stocks mining ventures Moffat October officers operations owners panies Papers precious metal production profit promoters prospector prospectus purchase rado railroad Raymond reported Rickard Roberts Rocky Mountain sell shareholders shares Silver Cliff Silver Mines speculation Stock Exchange stockholders Tabor Thomas West western mining York