Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1894-10-19
Ex-senator Tabor Assigns.
The Romantic Story of the Rise of
Vermont Farmer Boy to II ROmanza
Silver king---NOw His Fall.


silver king---NOw His Fall.
EX-Unted States Senator II. A. W. Ia
Dor of Denver, Colo, has been forced to
assign, the immediate cause of his col
lapse being a suit involving $4,000. His
fight against this result extends over pc
riod of five years, during which he met
with reverses on every side, and every
thing he possessed seemed to dwindle in
the scale of value. First of all, the bust
ness of the Denver opera house was neg
lee ed, and the opposition theatres that
were built took the business in this line.
Then his block in Denver, built at a cost
of S1,500,000 in the days when all build
ing material was brought to Denver from
the East, went to wreck, and revenue drop
ped until it failed to meet interest demands
Money was borrowed at , per cent per
month in hope that the mining interests
would yet redeem the reality. The Nul-
ture, big paying gold mine in Arizona,
was flooded, and the decentralization of sill
yer threw the matchless silver mine of
Leadville out of the market. Driven to
bay, the ex-senator took up property in
Mexico with money borrowed from the
bank of Chihuahua, and went TO work for
the stake of his life The Santa Ediwego
was reported to be producer of $4,000
per month, but delay in getting the ma
chinery and the first mortgage of the Mex
lean bank absorbed the earnings which
were relied upon to secure the Denver
property.
At rough guess, Mr.. Tabor's property
might be put at 100000, mostly OF an
unconvertible nature. If the Santa Eli
wego mine, in Mexico, is able TO produce
what is claimed for it, then another So
600, 600 of assets may be counted.
Mr.. Tabor was at one time the most ia
nous of Colorado's bonanza kings, and his
| life history is one of the striking romances
of mining He is Vermonter, and his
early training was on his fathers far-u in
Holland, Orleans county. lie learned the
| trade of a stone-cutter in Massachusetts
and then moved to Kansas and engaged in
farming. He gave considerable attention
to politics, was active in the tree'soll
movement in that state, and participated IN
the exciting struggle against the hordes OF
ruffianism. He next turned up in what IS
now Leadvile, Col. He kept small store,
and furnished miners supplies, He was
so poor that his wife did washing for the
miners. Tabor "grub-staked two miners.
They struck it rich. and Tabor became a
millionaire almost in night. lie bought
out the other share owners and secured adj
Joining claims, after which he organized
the Little Pttsburg Consolidated company
| The Little Consolidated Mining comp my
was next organized, with capital stock OF
| $50. 600. 600, NJ. |. b. Chatfee and -. IL.
Motfat, ir., being large owners OF the STOCK
The production of these mines from the
spring of 1878 to April, 1850, amounted 10
s.. 697. 543 for receipts of ores sold and
81 ,24G, 239 actual yield, aud dividends Oh
500, 900 a month were paid.
Tabor sold his interest TO Chaitee and
Notfatt for a round million and bought the
Chrisolite mine, which proved rlcher Ilau
the Little Pistsburg, and in less than Sin
months while the company was putting
tbe mine in shape for future production
Maid 81 900, 900 in dividends, and the tota
Yield for II months was S3,OOO,OOO. Tabor
also held quarter in the Robert h. Lee
bonanza, which yielded $1,000 to 2O,oOl
ounces of silver per ton and coined mn
ions for its owners. He next bought the
Matchless mine, and this ultimately yielded
him $1,000 per day, and ran as hlgh a.
St1O 600 per month. He became pro III
nant in Leadville and Denver IN erpist,'
and in his positions of financial trust HI
record was notable. He bought about one
holf the stock of the First national Danh
of Denver. and was first mayor OF Lead
vile. He subsequently settled in Denver
and his friends advised him to put so.mL'
of his money into real estate in lhat Guy
He did so, and built the Tabor block K, II
and the Tabor grand opera house la
onera house was known all over the couh
: tTv and the late Edwin Booth considers
II the handsomest theatre in the Uhlte'
States. ,.
Mr.. Tabor became one OF the iargeS
land owners in the world. He owned TO-
600 acres of copper lands in Texas, an
a 600 600 acres of grazing lands in Souln ita
Colorado. He obtained from the repuDu
Of Honduras a grant of each alternate sec sec
lion of 400 miles bordering on the faVoo
r liver and $50 square miles in the interlo
; If that country. This land IN Honuura IRA
. contained immense tracts OF ebony ma
boqanv and other valuable woods ana Ut
( nosits of gold, silver and coal.
, Mr.. Tabor was elected the nrst lleut eSa
! Governor of Colorado and was chose ss
Tinted States senator to fill out the uneA
/, ,1irad term of Senator Teller.