by Colorado Central Staff
The year was 1895 and the city of Leadville had fallen on hard times. Since 1881, production had declined at its largest and most profitable mines. The repeal of the Sherman Silver Purchase Act in 1893, first enacted to increase the amount of silver the government was required to purchase every month, had a crippling effect on the local economy. By 1895 the population had dwindled to 14,477 residents from nearly 40,000 only two years previous.