Mining lives on outside Cripple Creek

Thanks to gold, Colorado Springs became a rip-roaring boom town. Following the discovery of gold near Cripple Creek in 1891, Gen. William Palmer’s quiet resort changed overnight. But it wasn’t overrun by major companies or sophisticated capitalists.

Much of the money flowed to Colorado Springs, the financial center of America's gold-mining industry. In 1900, more than 400 mining companies were headquartered here, and business boomed, with bank deposits increasing by 500 percent from 1894 to ...

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