In 1883, tin was discovered near Hill City, and the population rebounded. The Harney Peak Tin Mining, Milling, and Manufacturing Company made its headquarters on Main Street. The company was backed by English financiers and bought 1,100 prospecting sites around the area. As mining grew, the city became known for its wild living and was once referred to as "a town with a church on each end and a mile of Hell in between." At one time, 15 saloons were located on Main Street. The company built the Harney Peak Hotel on Main Street to entertain its management and executives. Upon realizing the tin market was unsustainable, the company ceased operation in 1902.