It turned out that Senator Gwin's original idea with reference to
running a pony express from the Missouri River to Sacramento to prove
the practicability of that route at all seasons of the year was well
taken, and the stage line as well as the pony proved to be of vital
importance in carrying the mails and Government dispatches.
It so transpired that the firm of Russell, Majors & Waddell had to pay
the fiddler, or the entire expense of organizing both the stage line and
the pony express, at a loss, as it turned out, of hundreds of thousands
of dollars. After the United States mail was given to this line it
became a paying institution, but it went into the hands of Holliday just
before the first quarterly payment of $100,000 was made. The Government
paid $800,000 a year for carrying the mails from San Francisco to
Missouri, made in quarterly payments.
The part of the line that Russell, Majors & Waddell handled received
$400,000, and Butterfield & Co. received $400,000 for carrying the mails
from Salt Lake to California. During the war there was a vast amount of
business, both in express and passenger traveling, and it was the only
available practicable line of communication between California and the
States east of the Rocky Mountains.
CHAPTER XX.
THE GOLD FEVER.
During the winter of 1858-59 the public generally, throughout the United
States, began to give publicity to a great gold discovery reported to
have been made in the Pike's Peak region of the Rocky Mountains.
From week to week, as time passed, more extended accounts were given,
until the reports became fabulous.
The discovery was reported to have been made in Cherry Creek, at or near
its junction with the South Platte River, and one of the newspapers at
the time, published in Cleveland, Ohio, came out, giving a cut which was
claimed to be a map of the country. Pike's Peak was given as the central
figure. The South Fork of the Platte River was represented as flowing
out from the mountain near its base, and Cherry Creek as coming out of a
gorge in the mountain's side, and forming a junction with the Platte in
the low lands, at which point Denver was designated.
Reports went so far as to state that gold was visible in the sands of
the creek-bed, and that the banks would pay from grass roots to bed
rock.
People became wild with excitement, and a stampede to Pike's Peak
appeared inevitable.
The great question with the excited people was as to the shortest,
cheapest, and quickest way to get to the country, with little thought of
personal safety or comfort, or as to how they should get back in the
event of failure. But the problem was soon believed to have been solved
to the satisfaction of all concerned.
Public-domain text, read in full here on John Shaqi.
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