Financial History Issue 115 (Fall 2015) | Page 17

The site commonly known as Sutter’s Mill is formally Marshall Gold Discovery State Historic Park. According to the official park history, James W. Marshall discovered gold on the South Fork of the American River in the valley the Nisenan Indians knew as Cullumah. “This event led to the greatest mass movement of people in the Western Hemisphere and was the spark that ignited the spectacular growth of the West during the ensuing decades.” The tailrace of Sutter’s sawmill is still visible. Marshall was building the mill for John Sutter, a Swiss who had permission from Mexican authorities to build a settlement and trading post, Nuevo He