Montezuma was founded in 1865 following the discovery of silver in the vicinity of nearby Argentine Pass. In 1890, at the height of the Colorado Silver Boom, the population reached nearly 10,000. The town experienced a steep decline after the Silver Bust in 1893. It experienced a slight revival in mining interest in 1940, but has remained fairly quiet since World War II. As of 2016 the town had a population of 68 inhabitants. -from Wikipedia
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