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 96
... investors would avoid making ruinous mistakes again were as characteristic of a mining - stock boom as the reckless speculation and the blundering into bad risks that in- variably occurred . New York , after all , had been through ...
... investors would avoid making ruinous mistakes again were as characteristic of a mining - stock boom as the reckless speculation and the blundering into bad risks that in- variably occurred . New York , after all , had been through ...
Page 125
... investors charged . Add to this that mining op- erations were conducted underground out of sight , required engineer- ing and scientific knowledge not personally possessed by investors , and relied upon the liberality of nature , and it ...
... investors charged . Add to this that mining op- erations were conducted underground out of sight , required engineer- ing and scientific knowledge not personally possessed by investors , and relied upon the liberality of nature , and it ...
Page 127
... investors to ruin.14 However , if minority stockholders demanded the right to exam- ine company ledgers or even tried to visit the mine , they often ran into stubborn resistance from the officers , who , besides fearing the spread of ...
... investors to ruin.14 However , if minority stockholders demanded the right to exam- ine company ledgers or even tried to visit the mine , they often ran into stubborn resistance from the officers , who , besides fearing the spread 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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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