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While a few prospectors working on their own or in small groups found
(and kept) enough gold to become rich, for the most part once the
easily found placer gold was exhausted, the extraction of further gold
became so difficult as to be beyond the abilities of any entity other
than well-funded, well-organized corporations or syndicates able to
provide the capital for drilling mines, hydraulicking or dredging. The
old Spanish saying, "It takes a mine to make a mine," certainly holds
true for the later stages of the California Gold Rush period.
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California Gold Rush History |
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