New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-11
COLOIADOS RETURN OF VALUE RECEIVED.

T I he Ed tor ( I he + RI bune.
sir have read with deep Interest In The Tribune
OF Juy Is the report OF an interview with Mr. Henry
X. WOlcott. Of Denver. the silver question. In II
he says: BE SURE Of this. Colorado Will return
than value received for every dollar invested In her
borders Many hundreds OF impoverished widows
and orphans schootcachcrs and clergymen. through
out New England states rs we'll % the state Of
New York. will feel renewed hopes they read these
words rs they invested In good faith their small saw
ings In the county warrants Of the State OF Colorado
ten or twelve years ago and have been kept out OF
both interest and principal ever since. long list Of
these bodcrs has been published from time to time
In our var6us Eastern papers. and their full names
81 addresses given. The supreme Court Of the United
states la, decided In numerous instances that these
warrants legal. pror"rly issued. fpr full value
received, and must be paid. But still these impover-
ishcd and helpless investors have been Kept out OF
their money 10y the people Of Colorado. AT first 1t
was alleged that an ovcrissIe OF these securities hnd
been made, taking the basis OF taxation as guide.
Thi, in itself unfair. the assessed value
was not over 10 per Of the real value. After
much - Guilty and delay. however. legislation was
obtained enabling the County Commissioners to pay.
principal and interest their county warrants and the
poor needy holders thought their suerngs were al an
end. Iut. fortunately they have been bitterly dis
appointed. and have not up 10 the present timc after
waiting twelve years, received n single dollar. These
warrants issued for building school houses. puzzle
buildings. paying county Officials their sanries. sup
porting teir charitable Institutions, d"fayine the ex
.nses Of the county government. building roads. ana
the money was indispensable for supporting schools
and maintaining law and order. Colorado ns Ter
ri,ory and State had established very high credit :
her securities looked upon rs the very best III
vostors could secure and the people OF the East i''
the most absolute confidence In investing III th'h'
And now behold the result misery In hundreds ~
Instances and In cases. may say absolute
poverty | know of clergyman living AZ rough
kc.p,ic ~ T., who invested $500. which was inc
ntire amount Of his little saving who was crushed
ana broken down by the loss of his money DO me
people of Colorado think they can stand mp ana iace
the world with u record Ike this! me capita'SlS
bankers, millonarcs and merchants Oh 'o'"r""o
should take prompt action. The statements nav"
mndc are from public records In the courts th'V hhNp
been proclaimed and over again IN th' news "
papcrs This reputation has kept. 10 INV P"'''c
know ledge large investors from investing III ''ru"'
and /, must continue work greater an gr"lter IN
fury t. the best and highest Interests ot ula' Hh'e
Certainly these sccurite, must b" paid inr III" hrd
taies supreme Court has for the last MY wears IN
every instance enforced IaN nl"ll. fT1h''P' anu III
| terest of securities Of This description. o.
N.v-York July %. 1893. SAM Eli C'NoN fh'