Cave Johnson Couts, a brash lieutenant in the U.S. Army Dragoons, built a hotel called the Colorado House. Couts soon became more interested in ranching than his hotel and subdivided it to provide space for many business offices, such as a newspaper, a surgeon, a hairdresser, a jeweler, and others.
The building burned in the fire of 1872. Reconstructed by California State Parks in 1992. It currently houses the Wells Fargo Museum.