A group of prospectors from Oregon are credited with discovering the rich placers here along the Mokelumne River. It happened in October of 1848, a little way below the town’s present site, and the diggings were rich; so rich that even with their provisions almost gone, the men chose to risk starvation rather than abandon their claim to make the long trip to Stockton for supplies. A man named Syree was finally persuaded to go and when he returned, he set up a trading post atop a hill near the scene of operations. In a canvas tent he sold food, tools, and supplies at a price that more than made up for any mining he had missed.