Sometimes It Takes a While
Jul 23, 2021
3 minutes
By Patrick A. Heller
(Image courtesy Larry D. Moore, Nv8200p, via Wikimedia Commons.)
Clark, Gruber & Co. was formed as a Leavenworth, Kan., banking business in March 1858 by Austin M. Clark, Milton E. Clark, and Emanuel H. Gruber. This was shortly after the Colorado gold rush began full-steam.
The company quickly became the largest purchaser of gold dust recovered in the Colorado Territory, but the 10 percent cost for insurance and transportation of gold to the Philadelphia Mint, and the three weeks to three months
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