The town is named for its setting in a bowl-shaped valley which early gold miners thought was caused by a volcano. Early-morning fog rising from the valley floor only reinforced that belief. The area was first designated by Colonel Stevenson's men, who mined Soldiers Gulch in 1849. In 1851 a post office was established and by April 1852 there were 300 houses. By 1853 the flats and gulches swarmed with men, and there were 11 stores, six hotels, three bakeries, and three saloons. Hydraulic mining operations, begun in 1855, brought thousands of fortune seekers to form a town of 17 hotels, a library, a theater, and courts of quick justice.
Founding dates: Wikidata, Wikipedia, the U.S. post office records of Blevins & Helbock (CC0) and the Census. Homes by year built: Census ACS 2020–24. National Register of Historic Places: National Park Service (list of May 22, 2026). Old photos, postcards and papers: Wikimedia Commons, the Library of Congress and other public archives, credited on each item’s page. Maps: U.S. Geological Survey historical topographic maps (via Esri) and Sanborn fire-insurance maps (Library of Congress). History text and census tables: Wikipedia (CC BY-SA 4.0). Places that used to be: USGS Geographic Names Information System (2021). How TownRatings grades history →
From Wikimedia Commons (11), the Library of Congress (7), the National Register of Historic Places (1), Wikipedia, U.S. Geological Survey historical maps, the US Post Offices dataset (Blevins & Helbock) and the USGS Geographic Names Information System. Archive images are copied here with their credits and licenses, shown on each photo’s page. Refreshed monthly.