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cattle industry
rise
john illif
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Colorado
Territory was created
1861
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There was a great demand for
meat
in
Denver
City, but until
1870
it had no
railroad
connection
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His business started poorly in
1861
he sold his herd for $
500
as they were
thin
and were
exhausted
from the drive to the
railhead
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In Colorado
gold
prospecting
and
mining
settlements
were growing as well as the demand for beef
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Illif's business strategy
1.
Fatten
the cattle on the
grasslands
2. Drive them a
short
distance to the
mining towns
where they would fetch
full price
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Illif bought land for a ranch near
Denver
,
Colorado
1866
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By
1870
he had built up a huge herd of
26,000
cattle on
16,000
acres using the homestead act not exactly legal
1870
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Customers
Mining
towns
Union
Pacific railroad
builders
Government for
Indian
reservations
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He became
Denver's
first
millionaire
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John Iliff
realised that if he could keep a herd of cows on the Plains, he could supply
beef
to the
Colorado
mining
towns
without having to drive the cattle up all the way from
Texas
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He won a contract to supply beef to
7000
Sioux
Indians. He became Denver’s first
millionaire
1872
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