The town of Emigrant as it stands today originated as a railroad stop for much of the mining and agricultural activities taking place in the area.

The new arrivals decided to try their luck farther up the rugged gulch, finding pay dirt high up the side of Emigrant Peak.

The strike caused a stampede that drew several hundred miners and a few women to this remote area deep in Crow Indian country.

The miners worked the gravel with moderate success for several weeks before cold weather drove them down to Yellowstone City, near the mouth of Emigrant Gulch.

Supplies ran short during that winter; flour was scarce and tobacco cost $300 a pound, making it worth its weight in gold.

[5] Due to its location by the Yellowstone River, Emigrant is a popular area for fly fishing, and also home to many species, such as American badger, black-billed magpie, deer, elk, coyote, fox, and occasionally wolves and black bear.