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Home > History and Archaeology > History > History of the Americas > The Mechanics of Optimism: Mining Companies, Technology, and the Hot Spring Gold Rush, Montana Territory, 1864-1868
The Mechanics of Optimism: Mining Companies, Technology, and the Hot Spring Gold Rush, Montana Territory, 1864-1868

The Mechanics of Optimism: Mining Companies, Technology, and the Hot Spring Gold Rush, Montana Territory, 1864-1868


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About the Book

For every successful mining district celebrated in history, there were failed dozens whose stories have been largely forgotten. The Mechanics of Optimism documents, in rare detail, the boom-bust cycle of Hot Spring District, a mid-1860s Montana gold camp that did not pay, despite early predictions of a sure thing. Historian Jeffrey J. Safford examines how gold mining ventures were developed and financed during and after the Civil War, and how men, primarily Easterners with scant knowledge of mining, were willing to invest large sums in gold mines that promised quick and lucrative returns. Safford explains how these mining companies were organized and underwritten, and why a little-known district in southwestern Montana was chosen as a center of operations. Relying on extensive primary sources, Safford addresses the mind-set of the businessmen, the expectations and realities of new mining technology, the financial strategies, and the universality of the Hot Spring experience.

Table of Contents:
Contents Preface Prologue Chapter 1. Patterns of Discovery, 1863-1864 Chapter 2. Mills to Montana, 1865, I: The Ragland, Cope, and Napton Mining Company of Boonville, Missouri, and the New York & Montana Mining & Discover Company of New York City, New York Chapter 3. Mills to Montana, 1865, II: The Clark & Upson, and the Nelson Mining Companies of Hartford, Connecticut Chapter 4. Further Development of the District, 1866: The Herschel Mining Company of Virginia City, Montana, The Golden Ore Mining & Prospecting Company of Montana (Brooklyn, New York), and Hall & Spaulding of Meadow Creek, Montana Chapter 5. Expansion of the District and New Investors, 1866: The Midas Mining Company of Rochester, New York Chapter 6. The Midas Mining Company, 1867 Chapter 7. Increased Competition and Doubt, 1867: The McAndrew & Wann Mining Company of New York City, New York Chapter 8. The Mood in the District, Autumn 1867 Chapter 9. Decline of the District, 1868-1869 Epilogue Endnotes Bibliography Index

About the Author :
Jeffrey J. Safford is professor emeritus of history at Montana State University.

Review :
"This study is more illustrative of what was going on in the early mining frontier than the studies of the Bonanza Kings or communities like Virginia City."


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Product Details
  • ISBN-13: 9780870817823
  • Publisher: University Press of Colorado
  • Publisher Imprint: University Press of Colorado
  • Height: 229 mm
  • No of Pages: 217
  • Width: 152 mm
  • ISBN-10: 0870817825
  • Publisher Date: 15 Nov 2004
  • Binding: Hardback
  • Language: English
  • Sub Title: Mining Companies, Technology, and the Hot Spring Gold Rush, Montana Territory, 1864-1868


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The Mechanics of Optimism: Mining Companies, Technology, and the Hot Spring Gold Rush, Montana Territory, 1864-1868
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