The Providence news. (Providence [R.I.]) 1891-1906, 1893-07-20
WITHOUT HER MINES
Colorado Still has Resources Almost
Without End.
GOVERNOR WAIpE'S FIERY TALK
Cooled on by Statements Of Henry VOL
colt. Brother of senator woioott, One
of the hest Posted Men In the State.
waite's Unwise Talk Depiorsd.

NEW IOhh, July -lucIo oIo onuo
men yet left-and probably in large ma
jority-in Colorado who are less anxious
to swim n blood with Governor Waite or
10 form seeding commonwealth among
the Rocky mountains than to maintain
the present credit and fair prospects Of
the state and the reputed intelligence and
resource Of its people. A few of them have
already written to their banking corre-
spondents In New York, setting the froth-
ings of Waite at the recent convention at
their true worth. A few more,i In this city
for the moment, have confirmedin conver-
sation the sta atements of these letters.
Henry Wolcott, brother Of the senator
from Colorado and kinsman of Lieuten-
ant Governor Wolcott of Boston, has
spoken at length of the resources Of the
state, the real temper of conservative men
there aud the safety of the investments in
which so much eastern capital Is inter
ested. He speaks with understanding,
aud, mt this time of ominous news from
Denver, with much pertinence.
Like the people Of every other state"
says Mr.. Wolcott, 1--WE wish to develop
and put to the best use all our resources.
Silver Is one of these. aud 1t has
Cut an Important Figure
In the growth of our state. It Is natural
that we should desire to receive the high
est price we can command for our silver
product; but we cannot expect, and of
course 1t cannot be, that silver should be
maintained at higher standard Of value
than is consistent with a sound financial
system. and by this / mean one that will
command the confidence of the entire peo-
pie. We hope that the united wisdom of
the country will adjust the matter so that
we may continue to run our mines with
profits.
"But II every silver mine In Colorado
should be closed, undertake to say that
there are other resources In our state that
would occupy every citizen within her
borders and million besides. Even thus
she
VIII Prosper Far in Advance
of any other western state We have
large area Of Agricultural land, which each
year shows increased acreage under culti-
vation, besides large wool-growing inter-
ests, extensive oil lands, unlimited deposits
OF coal and iron, great stone quarries, the
yield of which Is used even in the east,
large deposits of fre-clay, and productive
gold, lead and copper mines
I'VE have more coal than Pennsylvania,
make as good coke and have q market sor
It, Eventually we shall make substan-
TALLY all the steel rails and iron used west
of tho Missouri river. Our coal business
must grow from year to year. as most of
the western half of the country. region
that can and will support a denser popular
ton than the eastern half,
Will Depend on Colorado
for IT'S coal supply. We have anthracite
coal besides and ship it to all the country
from Omaha to San Francisco
1--WE want to run our silver mines; but
n we cannot we still have something of
which to make growing and prosperous
state. Best of all-and this should give
our eastern friends more confidence
Colorado Is attracting the best Of people
Most of cur leading business men-men
OF ability and enterprise-came from the
east Our people are honest and trust
worthy. They know that whatever Is
best In the end for their eastern brethren
is best also for them. They much resem-
BILE their friends in New York and in New
England. They are
MOveo Dy tne Same motlv0e.
As for Waite, he was carried away by the
thought Of blood to the bridles.' Besides,
he only shows what political chance will
do for the country now and then.
"In these times of heavy liquidation and
Of great contraction In investments and
of general depression, resulting, In Colo
RADIO as elsewhere, quite as much from
sentiment as from the actual condition of
affairs, it is not strange that such agita-
tion, led by reckless and irresponsible men,
as has taken place there, should injure in
vestment securities for the moment. Yet,
rest assured, every legitimate enterprise
In Colorado will make handsome returns
'Even IL every silver mine and smelter
there should close, other enterprises in the
state whose stock has suffered in sym
pathy with all others, there and elsewhere,
and Is selling far below It's value, would
still do growing business and continue
to earn dividends. Be sure of this, Colo
RADIO will return moro than value received
for averv dollar invested I'm her borfers ~