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Large quantity of silver at a fixed price. The government was subsidizing the silver industry so president Grover Cleveland determined to repeal the sherman silver act, which he did in 1883, and the price of silver immediately plummeted. People lost their fortunes overnight. One family in particular is a perfect illustration of the riches to rags and the silver boom and bust. The tabor family is a multifaceted story. Horace tabor was born in vermont. He married his first wife, augusta, who was also from new england. They married and briefly tried farming in kansas, then came to colorado during the gold rush in 1859. They eventually settled in the leadville area, where they ran a store. One of the things horace did was what is called grub stake. He gave the prospectors goods. They did not have to pay him. They paid him in shares. That gave him initial resources to invest in other Mining Resources. He got very lucky and stuck it in the left struck it big on several different occasions an

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