In 1873, E.P. Ferry traveled from Grand Haven, Michigan to Park City with a group of investigators, including D.C. McLaughlin and his brother Col. William Ferry, to stake their claims.

Ferry first purchased the Flagstaff Mine in Bonanza Flats from James M. Kennedy for $50,000.00 (Kennedy had bought it from a group of Col. Patrick E. Connor's men for $5,000.00). Within a short time, the Flagstaff Mine produced over $100,000.00 of silver ore. Ferry soon founded the Anchor Mine; then came the Daly-West, Woodside, Mayflower, Silver King, Thaynes, Alliance, Crescent and other mines.

E.P. Ferry was soon to become one of Park City's 23 self-made millionaires. He built the twenty stamp Marsac Mill, just east of where the Marsac City Hall building now stands and continued his investments into mining and Park City. His partner, D.C. McLaughlin, was instrumental in getting approval for the city town sight and beginning the construction of boardwalks and streets.

E.P. Ferry is the first recorded owner of the property now known as the Old Miners' Lodge and is reported to have built the original Lodge in 1889 as housing for his Woodside miners. The Lodge's lot next door was owned by D.C. McLaughlin where the innkeepers cottage now stands.