Pike's Peak gold rush

The Pike's Peak gold rush (later known as the Colorado gold rush) was the boom in gold prospecting and mining in the Pike's Peak Country of western Kansas Territory and southwestern Nebraska Territory of the United States that began in July 1858 and lasted until roughly the creation of the Colorado Territory on February 28, 1861. An estimated 100,000 gold seekers took part in one of the greatest gold rushes in North American history.

The participants in the gold rush were known as "Fifty-Niners" after 1859, the peak year of the rush and often used the motto Pike's Peak or Bust! In fact, the location of the Pike's Peak gold rush was centered 85 mi north of Pikes Peak. The name Pike's Peak gold rush was used mainly because of how well known and important Pike's Peak was at the time. The rush created a few towns such as Denver City and Boulder City that would develop into cities.

Overview
The Pike's Peak gold rush, which followed the California gold rush by approximately a decade, produced a dramatic but temporary influx of migrants and immigrants into the Pike's Peak Country of the Southern Rocky Mountains. The rush was exemplified by the slogan "Pike's Peak or Bust!", a reference to the prominent mountain at the eastern edge of the Rocky Mountains that guided many early prospectors to the region westward over the Great Plains. The prospectors provided the first major European-American population in the region.

The rush created a few gold rush towns such as Denver City and Boulder City that would develop into cities. Many smaller camps such as Auraria and Saint Charles City were absorbed by larger camps and towns. Scores of other mining camps have faded into ghost towns, but quite a few camps such as Central City, Black Hawk, Georgetown, and Idaho Springs survived.

Discovery


For many years, people had suspected the mountains in present-day Colorado contained numerous rich gold deposits. In 1835, French trapper Eustace Carriere lost his party and ended up wandering through the mountains for many weeks. During those weeks he found many gold specimens which he later took back to New Mexico for examination. Upon examination, they turned out to be "pure gold". But when he tried to lead an expedition back to the location of where he found the gold, they came up short because he could not quite remember the location.

On January 24, 1848, James W. Marshall found placer gold near Coloma, California, and unbeknownst nine days later, Mexico ceded California and the rest of northern Mexico to the United States with the Treaty of Guadalupe Hidalgo. The California Gold Rush ensued. In the spring of 1850, John Beck led a party of predominately Cherokee veterans of the Georgia Gold Rush to the California gold fields. The party followed the Trail of Tears west, and on June 22, 1850, they crossed the South Platte River (a few miles north of what is today Denver) and camped near the confluence of two streams. One of the prospectors, Lewis Ralston panned for gold near the mouth of the smaller stream (in what is now Gold Strike Park in Arvada, Colorado.) He found about ¼ troy ounce (8 g) of gold, then worth about five dollars (about $550 USD today.) While Ralston was elated, the rest of the party was unimpressed and continued on to California the next morning. Ralston continued panning for gold, but gave up after a few days and caught up with his party.

As the hysteria of the California Gold Rush faded, many discouraged gold seekers returned home. Rumors of gold in the Rocky Mountains persisted and several small parties explored the region. In the summer of 1857, a party of Spanish-speaking gold seekers from Taos, New Mexico, worked a placer deposit along the South Platte River about 5 mi above Cherry Creek at a location later known as Mexican Diggings near Grant-Frontier Park in Denver. William Greeneberry "Green" Russell was a Georgian who worked in the California gold fields in the 1850s. Russell was married to a Cherokee woman, and through his connections to the tribe, he heard about Ralston's 1850 discovery of gold along the South Platte River. Green Russell organized a party to prospect along the South Platte River, setting off with his two brothers and six companions in February 1858. They rendezvoused with Cherokee tribe members along the Arkansas River in present-day Oklahoma and continued westward along the Santa Fe Trail. Others joined the party along the way until their number reached 107.

Upon reaching Bent's Fort, they turned to the northwest, reaching the confluence of Cherry Creek and the South Platte on May 23. The site of their initial explorations is in present-day Confluence Park in Denver. They began prospecting in the river beds, exploring Cherry Creek and nearby Ralston Creek but without success. In the first week of July 1858, Green Russell and Sam Bates found a small placer deposit near the mouth of Little Dry Creek that yielded about 20 troy ounces (620 g) of gold, then worth about 380 dollars (about $44,000 USD today.) This was the first significant gold discovery in the Rocky Mountain region. The site of the discovery is in the present-day Denver suburb of Englewood, just north of the junction of U.S. Highway 285 and U.S. Highway 85. This discovery was announced with great excitement by the Kansas City Journal of Commerce on 26 August 1858 with the headline, "THE NEW ELDORADO!! GOLD IN KANSAS!!"

Initial boom


The first decade of the boom was largely concentrated along the South Platte River at the base of the Rocky Mountains, in the canyon of Clear Creek in the mountains west of Golden City, at Breckenridge and in South Park at Como, Fairplay, and Alma. By 1860, Denver City, Golden City, and Boulder City were substantial towns that served the mines. Rapid population growth led to the creation of the Colorado Territory in 1861.

The Pike's Peak gold rush sent many Americans into a frenzy, prompting them to pack up their belongings and head to Colorado. This initial boom influenced people to begin falsifying information, often sending people out to the west without any proof of a true presence of gold. As early as the spring of 1859, people raced to the Pike's Peak country. Some even dared to go out in the winter of 1858 to try to get a head start, only to realize that they would have to wait until the snow melted to begin mining.

Free gold
Hardrock mining boomed for a few years, but then declined in the mid-1860s as the miners exhausted the shallow parts of the veins that contained free gold, and found that their amalgamation mills could not recover gold from the deeper sulfide ores. Colorado produced 150,000 ounces of gold in 1861 and 225,000 troy ounces in 1862. This led Congress to establish the Denver Mint. Cumulative Colorado production by 1865 was 1.25 million ounces, of which sixty percent was placer gold.