The new buildings are more substantial - many are built of brick and stone to withstand fire. George Wanning's saloon is the first to be rebuilt. The mines are going strong, with new companies, new buildings and equipment. William Tretheway is honored at a special banquet for his heroism in carrying a case of burning dynamite from the Silver King Mine. Considered the worst mine disaster in Park City history, the event prompts adoption of a state law forbidding the underground storage of large amounts of explosives.
Hard times befall the town, with cave-ins and flooded tunnels making mining a poor enterprise.
The panic of 1907 affects the whole United States, causing a general recession. However, the economy improves by the end of 1908. The great influenza epidemic prompts a law requiring anyone on the streets to wear a thick gauze mask or be arrested. Consequently, the impact of the disease is less severe in this area. Skiing becomes more widespread as some workers take the mine train to the top of Thaynes Canyon for a ski trip to the bottom of the mountain, the same route which is used in 1964 for the Mine Train Ride which moves skiers up the mountain.