, 1892-02-26
whsrs .'Fhs Daily Lsader" May be Pound.
GIVE THE DEVIL HIS DUE.


With the view of casting greater odiuu
upon a man who is now IL a fair way to
suffer for whatever misdeeds he may have
been guilty of, the Sun Of yesterday,
taking the arrest of John W. Collins al
San Diego, Gala. as the basis, burst;
forth into a TRADE of abuse and amonG
other things charges Collins with having
wrecked the banking house OF Morton +.
Post & Co. 'It is now known" it says,
that he deliberately planned and wan
tonly accomplished the ruin of NJ. +.
Post"
1t is only fair to give the devil his due.
There are scores Of people in Cheyenne
who are under personal obligations to
Collins for financial relief afforded at
times when they most needed it. Very
often these loans were made on security
which most conservative banking men
would have considered far from gilt edged.
In the heyday of his prosperity these
favors were regarded in their proper light.
Ia some instances they are so regarded
even vet, but in others past iavors are
forgotten and he is now bounded as
though instead Of dOingsome good he had
done nothing but EVIL. The true inward
ness of the Cheyenne National bank
trouble has not yet been made pub
lie and may never be. Enough is known
to warrant the belief that Collins, to save
himself, did some juggling, but that he
intended TO ultimately defraud the de-
posters out of a single dollar of what was
due them we do not for a moment be-
lieve. If the suspension OF the Califor-
MIA National had been delayed less thar
two weeks the entire interest of Mr.. Col
Inns in the Cheyenne bank would have
passed into other hands and the fatality
that followed would have been averted.
As 1t was the collapse Of the San Diego
bank involved the Cheyenne bank and
Collins heavy interests in that institu-
ton practically went no in smoke and
his large property possessions were seized
to be sacrificed for lis creditors.
Ga the subject OF the Post failure we
submit the appended letter. The Post
bauk failed early IN October 1887. The
letter il dated two years aud five months
before that date, 1t is entirely IN the
handwriting of Mr.. Post and the original
of the document is now in our possession.
Under the circumsian .es it will be of
general interest and we herewith present
it word for word:
To whom it NAV concern:
THIS is to certify that j. w. Collins,
who has been cashier of this bank for
about six years past. covering some four
years OF which period the name and style
OF this firm was Stebbins, Post & Co, and
since they were succeeded by Morton Il.
Post Il Co., to this time, in all about six
years.
take pleasure in tcstifyinz to the fact
that Mr.. Collins has faithfully discharged
his tIust and that he has meritod my best
regards. He previously TO being made
cashier was our teller, and prior to that
was our book keeper. acting then in the
employ of Stebbins, Post & Co. Very
respectfully, Nj. n. pOST.
Cheyenne. May |. 1885.
The LEADER is no ~apologist for any
wrong Mr., Collins may have ever COM
United, but in view of the fact hat the
Cheyenne National, IN the Judgment of
those who should know absolutely, will
pay every dollar 1t owes its deposltors, we
see no shadow of excuse why he should
be bounded from Cheyenne when he IS
nov staggering under a load of troubles.
domestic, social and financial, sufi ,ient to
break down any ordinary man even
though his hands We're upheld by a host
OF enthusiastic and self sacrificing friends.