The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-08

Her Bu.iaers Mer n w. Ceased 20 Cry
Rnin ana a rr Nov Itnnnrinn thr atnte.

RuiA aNa Are Now RooH,ina ths state.
DESvER. Jan. 4-The people OF Colorado
found out some time ago. 10 their great dis
may. that their crying Of calamity and ruin at
the time Of the silver turmoil last summer
really brought calamity to them. aud promised
soon to bring ruin. They discovered the truth
OF the maxim that tho world takes you At your
own estimate-at any rate II It is a poor one.
The people Of other States believed the Colo
radans when they said Colorado was headed
straight for bankruptcy and ruin. and that the
repeal oithe sherman Silver law would ire
parably damage the whole state in is every
Industry. Capitalists became shy OF Colorado
Investments; those already interested in the
States industries began to hedge business
houses OF every kind throughout the [ MON
began to draw the lines tight, aud the genera
pinch soon became severe.
month or so ago a big convention OF busI-
ness men from oil over the State Assem- bied
here TO devise means for correcting tho mis-
lea ding statements about Colorado's condition
and prospects," Resolutions were adopted
denonncing the calamity howlers. and averrinR
that Colorado was not really hurt by the silver
slump; was. indeed. helped because Of the re-
action In favor Of gold. Gov. Waite the blood
to-the. hrldles Populist. was severely called
SGwn GT sai rSrssnt n1SnnGcy Of evil ard
Legislature. for the stated purpose OF passing
measures necessary for keeping the. state from
absolute and immediate ruin. was denounced.
A strong representative committee was ap.
pointed to prepare a statement Of the condi-
This statement has Just bes4 issTed %ith the
strongest possible enlargement by the re-
sponsible business non OF the state.
1t sets forth that while Colorado has been
great siver-producing State. che has many
other vast resources, mineral agricultural.
and manufacturing, capable in themselves OF
supporting much larger population than she
now has. and OF furnishing safe and profitable
talists are assured that they may Immediately
make Profitable Investments here. with tho
utmost confidence aud safety Tho wonderful
Developments In gold mining mainly resulting
from the slump In silver. are referred TO at
sneth II y 1 the s GHPgt SSs 81
nut for this year is expect ed to be ut least So
OOO.UO0. It's, stat ed that at tho Cripple Creek
yield Sl0O.6OO. coo. Teadvlle ami other
famous silvcr-producing centres now promise
producers. In the seeking after silver the
gold there seems. strangely enough. 70 have
are. 1t IL asserted. fully employed even IL at
somewhat reduced wages. owing to the deveI-
The annual value Of the pastoral agricul.
tural. aud horticututai products OF Colorado
lar exceeds that Of tho entire mineral output.
OF fruit raising There are now 10000 acres
in the state planted IN fruit trees The coal,
coke. petroleum. and natural gas industries
are prospecting we'll too. Colorado manufac-
turers have not suffered during the past year
10 tne Same extent tlRt Eastern manufacture
ers have. None Of the factories OF the State
has closed down. TariG agitation has not in
lured them and Colorado man uiacturcrs have
been and are shlpping goods over the whole
country Within two weeks the steel works at
Pueblo have received contracts for steel rails
amounting in value to $500 900.
The summing up is that the merchants OF
Colorado enter tho new year under much
more favorable circumstances than usual and
everything indicates that 1924 will witness n
revi val OF business in every line in Colorado,
and such revival isGven now perceptible."
The financial outlook hna gradually and
steadily improved during tho past three
months the hank clearings each week show
Ing n substantial gain. the deposits increas-
ing. and tho country banks once moro keeping
good balances In fnct the business men Of
Colorado want it clearly Understood that
Colorado IL all right. and IL as ell of as any
OF her sister States. and better OF than some
Of them. They are entirely done with tho Pop
ulist idea OF calamity bowling and will return
TO tho good old American ia shion Of booming
their particular section as the most prosperous
and most delightful and desirable on Gods
fOUtstool and Gov. Waite Ia distinctly advised
to use his famous brlde to restrain his pro-
pensity for shouting red ruin. and to fall in
line and help boost the state.