Dream Mine

That morning he reportedly saw the injured cow, just as the dream had told him, strengthening his belief in the restored gospel of the LDS Church.

[5]: 38  The angel also told him that the mine's gold would help provide financial relief for the LDS Church, and fund the gathering of Israel in the last days.

[6]: 33 During Koyle's lifetime, the LDS Church moved more into America's religious mainstream, starting with the 1890 Manifesto and the Reed Smoot hearings, both of which dealt with the practice of polygamy.

In the 1900s, church leaders started emphasizing Joseph Smith's First Vision, focusing less on his mystical worldview and early treasure hunting activities.

[3]: 140–141 American historian D. Michael Quinn viewed the Dream Mine as a product of early Mormonism's magical worldview, a result of Joseph Smith's "superstitious and schismatic" practices.

[3]: 140  American folklorist Wayland Hand wrote that Koyle might have been influenced by the LDS Church's financial situation during the 1889-1898 leadership of Wilford Woodruff.

The mine would be the first "City of Refuge," providing material survival until plural marriage and the United Order were reestablished.

[11]: 64–5  They also warned Koyle that the Dream Mine would face "false rumors" and experience opposition from leaders of the LDS Church.

[10] On August 16, 1913, the LDS Church issued a statement entitled "A Warning Voice" directed at Koyle's Dream Mine.

[12]: 35  The introduction to this statement reads: The First Presidency warns the Saints against investing in worthless stock, even if promoters allege that they are guided by dreams and revelations….

[5]: 43  Five years later, Koyle and his followers started constructing an ore mill called the "White Sentinel" just outside the Dream Mine.

Pack published a review of mineral samples taken from the Dream Mine in the Deseret News, declaring them practically worthless.

[16] In the 2000s, some Dream Miners formed an online community and email group to discuss the mine and Koyle's prophecies.

[17] The company makes most of its money from an orchard irrigated with water from the mine, a rental home, and a gravel pit.

"DREAM MINES." Owing to the importance of the subject treated on in the letter of the First Presidency to the officers and members of the Church, which first appeared in The Deseret News of Aug. 2, this year, it is reproduced today at the head of these columns. We trust the Saints generally will profit by the advice given. And in order to bring it to the attention of all Church members it might be well to cause the letter to be read in ward meetings, or stake conferences, or other similar gatherings of the people. The First Presidency warn the Saints against investing in worthless mining schemes, or valueless stock, even if the promoters allege that they are guided by dreams and revelations. It is a timely warning. Almost everyone have heard of how Such-and-Such found a rich mine by following directions given in a dream, and many fondly hope for similar luck, but in most instances it will be found, on investigation, that such stories have little or not foundation in fact. They belong to the class of rumors which like the wind, "bloweth where it listeth, and thou hearest the sound thereof, but canst not tell whence it cometh, and whither it goeth." No one should be guided by such rumors, but by reason enlightened by the Holy Spirit. It is a safe rule not to accept the counsel of anyone who is in any way antagonistic to those who have been duly appointed to lead and guide Israel. And it will be found that the promoters of "dream mines" and "vision enterprises" generally are of that class. They find fault and pass judgment, without justification. But by that very fact they warn the Saints to steer clear of them, just as the ringing, or whistling, buoys during foggy weather call the attention of mariners to the presence of danger, by the noise they make.
First Presidency letter published in the Deseret News on August 16, 1913